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Private credit remains an attractive investment opportunity for institutional investors as manager hires remained consistent in the third quarter, FIN Searches data shows.
The plan will interview two U.S. small-cap value equity managers this week and also recently added an international equity manager.
The principal had been responsible for leading the firm’s manager research efforts for multi-strategy hedge funds, CTAs and hedge funds-of-funds.
The plan moved an additional $30 million to an active equity manager hired over the summer.
The search is due to the incumbents’ upcoming June 30 contract expirations.
The plan was notified of four commitments in closed session at yesterday’s board of investments meeting.
Many institutions are not prepared for rare and unexpected tail risks that keep them up at night such as an unexpected liquidity crunch or a cyberattack, but investors can hedge against these risks to prepare for the worst, a new study finds.
The plan will also target more $720 million to alternative funds in 2023.
The plan is searching for a private credit/debt consultant and will lose a team member of 30 years and head of its fixed-income and global income strategies since 2000 to retirement.