| Potential Searches | ||||||
| Fund & City | Plan Size (US$ millions) | Plan Type | Assignment | Account Size (US$ millions) | Consultant | Comments |
| Florida State Board & Administration | 85,000.00 | Public D.B. | Distressed Debt | N/A | Richard Ennis | May make its first foray into distressed debt. Currently undergoing an asset study |
| Ilinois State Teachers Retirment System | 21,000.00 | Public D.B. | Distressed Debt | 63 | Callan Associates | Will decide early next year on managers |
| Indiana Public Employees' Retirement Fund | 8,200.00 | Public D.B. | US/Alternative/Distressed Debt | 41 | Strategic Investment | Increased allocation to alternatives and is considering debt-related instruments |
| Oklahoma Firefighters Retirement System | 1,200.00 | Public D.B. | US/Alternative/Distressed Debt | N/A | Asset Consulting Group | Consultant will examine its bond portfolio to determine if it should add short-duration, core-plus and distressed-debt vehicles to mitigate investment risks |
| University of North Carolina At Chapel Hill | 1,000.00 | Endowment | US/Alternative/Distressed Debt | N/A | None | May seek to hire an additional distressed debt manager over the next six months. Will decide whether to hire a new manager or to give the mandate to an existing manager by the end of 2002 |
| Completed Searches | ||||||
| Fund & City | Plan Size (US$ millions) | Plan Type | Assignment | Account Size (US$ millions) | Consultant | Comments |
| Massachusetts Pension Reserves Investment Management Board | 26,000.00 | Public D.B. | US/Alternative/Distressed Debt | 50 | Pathway Capital Management | Committed to the TCW Investment Management distressed debt portfolio. |
| Briggs & Stratton | 750 | Corporate D.B. | US/Alternative/Distressed Debt | 10 | Callan Associates | Committed to the Oaktree Capital opportunities fund IVb. |
Directory of Distressed Debt Searches (October-December 2002)