Deck · Decisions
Investment committee record
What the tool said, what the committee did, and how it voted.
Decisions this year
47
Followed the tool
38
81%
Overrode the tool
9
Overrides that worked
3 of 9
Allocation Committee · 2026-08-12
Private credit sleeve — August review
Fund
Halyard Credit Opportunities II
Outcome
warn
Tool said
Sleeve had drifted to 13.4% of NAV; Conclave recommended trimming to 8%.
We did
Trimmed to 10%, holding back 2pts of the recommended cut pending Q3 fundraising close.
Vote tally
For (3)Against (1)
- Dana Wexlerfor
- Tom Ostranderfor
- Priya Nairfor— Prefer partial trim to avoid signalling to LPs mid-raise.
- Julia Marshagainst— Full trim is the more defensible risk posture.
Dissent on record — this decision was not unanimous.
Linked ledger entries
- L-402Private credit sleeve
- L-433Private credit sleeve