A plan in Chicago will issue a private debt manager RFP in the coming months to fill out a maiden allocation approved last year.
The change is a result of the firm combining its emerging market debt and emerging markets alpha teams.
The plan’s real estate committee made two commitments with existing managers and one commitment with a new manager last week.
He bolsters the firm’s multi-asset solutions team in Asia.
New York-based Welton is a global macro and ESG investment manager with $1.3 billion in assets under management.
Plan is looking to fill a new $700 million allocation to global credit and conduct due diligence on its passive investment managers.
The plan will issue RFPs this quarter after canceling previous search due to COVID.
A Virginia-based pension plan added commitments with new and existing managers in September and made several changes to its fund lineup over the past fiscal year.
The plan’s current emerging markets equity manager stands to lose two mandates.
The plan is seeking a complementary manager to the incumbent small-cap strategy within its emerging markets equity portfolio.