Non-U.S. & Global Fixed-Income
Plan hired a new emerging market debt manager to handle a $10 million allocation today.
Plan made private equity and real estate commitments totaling approximately $250 million at this week’s meeting.
Plan will review the emerging market debt space due to the volatility and performance of its incumbent.
The plan has now hired two global multi-sector bond managers this year.
The new liquid multi-sector manager will handle a roughly $375 million mandate for the plan.
The plan will receive finalist presentations from three liquid multi-sector credit managers and three semi-liquid multi-sector credit managers over the next two months.
The plan hired Aksia following a discretionary private credit advisor RFI and amended its annual pacing plan with discretionary private equity advisor Hamilton Lane.
She will join the emerging market sovereign and foreign exchan.
Plan is looking to fill a new $700 million allocation to global credit and conduct due diligence on its passive investment managers.
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.
