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The township has issued an RFP seeking investment consulting services for its 401(a) and 457 plans.
Plan approved a $7 million investment in a credit hedge fund at today’s board meeting.
Shore Capital Partners Food and Beverage Fund II closed with $292 million in commitments.
New York-based Varagon specializes in directly originated senior loans to private equity-backed U.S. middle market companies.
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.
The firm is also hiring a new fund manager on July 25.
He will be responsible for managing the European investment team as well as the origination of new investment opportunities, investment due diligence and portfolio management.
Plan committed $100 million total to a new credit manager and an existing real estate manager yesterday.