Infrastructure
Plan introduced private credit and private infrastructure target allocations and hired a domestic mid-cap value equity manager to replace its existing mandate with Wellington Management Company this week.
Plan disclosed three May commitments totaling $140 million.
Plan will take a deep dive of the international equity space for potential options after placing a EAFE value firm on watch today.
Plan made asset allocation changes in an effort to move closer to its long-term policy and disclosed four commitments today.
The firm is launching a perpetual infrastructure strategy that will seek to partner with infrastructure businesses to help drive the global energy transition.
Plan may conduct a non-core real assets manager search in the third quarter and recently simplified its domestic equity portfolio.
Mid-Atlantic Plan Keeps Int’l Equity Mgr. On Watch
He will serve as head of infrastructure equity within the real estate and private markets group.
Plan approved four new alternatives commitments and has begun a search for an investment analyst.
Plan’s incumbent tangible assets consultants were the only respondents to an RFQQ issued in February.