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The firm closed its latest flagship private market fund with nearly $4 billion in commitments from nonprofits and other institutional investors globally.
The state fund-of-funds has extended the deadline for proposals in its search for an investment consultant, which was launched earlier this year due to the upcoming contract expiration of its incumbent provider.
Correction: The Ohio University Foundation approved a distressed credit commitment totaling approximately $18 million to Beach Point Capital’s BPC Opportunities Fund V last year. Last week’s issue of Nonprofit News misstated the manager as Brighton Park Capital.
The hires conclude a search for managers to handle a $20 million allocation to the asset class.
Firm has made three senior hires for its North America distribution team.
The investment and operations committee approved discretionary private credit and non-core real estate partnerships at this week’s meeting.
The board was notified of a recent domestic high-yield fixed-income manager hire for two of its investment plans.
The incumbent will serve for a three-year term.
The plan hired a new emerging markets equity manager after interviewing three finalists today.
The plan recently extended the contract of its incumbent so it could conduct an RFP.