Non-U.S. & Global Fixed-Income
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.
The plan terminated two existing managers and added commitments totaling roughly $912 million in October.
The plan will implement its recently approved asset allocation policy in three phases.
Firm lifted out a five-member team to add a dedicated emerging market debt capability.
Plan approved a new asset allocation as continues work toward separating its assets from the state’s division of investment.