Creditflux

Orange County pension fund commits to Monroe direct lending strategy
Orange County Employees Retirement System (OCERS), has committed $75 million to Monroe Capital Private Credit Fund III, but it's also reducing its overall allocation to credit    

Danish penion fund's credit portfolio returns to growth
ATP, the Danish pension fund, has generated a return of DKK 799m from its credit portfolio for the first three quarters of 2018, marking a recovery compared to the H1 negative return of DKK200m.  

US pension commits $100 million to Apollo's hybrid private credit/private equity fund
Pennsylvania State Employees’ Retirement System has mandated $100 million to a multi-strategy fund managed by New York-based Apollo Global Management

New Mexico pension fund supplies $100 million to private energy credit
A new energy credit fund will primarily underwrite direct loans to small and middle market conventional energy companies

Iowa pension plan seeks high yield manager
Iowa Public Employees Retirement System (IPERS), a $30 billion public pension fund, is searching for one or more firms to manage its high yield portfolio    

TSSP launches capital solutions fund
TPG Sixth Street Partners (TSSP), the credit platform of private equity giant TPG, has launched a fund to target late stage growth companies

Alameda County approves $33 million investment in senior loan fund
Alameda County Employees’ Retirement Association has approved a $33 million commitment to a senior debt fund managed by Abry Partners

New Jersey pension fund allocates $100 million to tech-focused BDC
The State of New Jersey Department of Treasury has awarded $100 million to a direct lender's sector-focused BDC

Dallas pension fund set to cut private debt
The Dallas Police and Fire Pension Fund, at an 11 October meeting, approved a new long-term asset allocation plan that will gradually wind-down its private debt portfolio

Los Angeles pension fund looks for direct lender to take on $670 million mandate
The $16.9 billion pension fund approved a new asset allocation in April this year and is now issuing a private credit mandate for 3.75% its total fund assets 

BT pension fund appoints CEO
BT Pension Scheme Management, which has exposure to credit strategies run by Apollo, Ares and Hermes, has now appointed a CEO  

Texas pension fund backs distressed debt specialist with $25 million
Texas County and District Retirement System (TCDRS), the $30 billion public pension fund, committed $25 million to Redwood Opportunity Domestic Fund on 1 October.  

Boston pension system looks to allocate towards private debt
The Boston Retirement System has opened the search for a close-ended private debt fund.

UK pension fund adds portfolio manager for alternative credit
Pension Protection Fund, the south-London based pension fund, has appointed a portfolio manager to its credit team. He joins from consultancy firm Mercer

Pension fund hires portfolio manager to oversee loan and CLO investments
PensionDanmark has hired a senior portfolio manager to oversee its credit investments

Finnish pension fund seeks portfolio administrator for illiquid investments
Finland's state pension fund is searching for a portfolio administrator to oversee its illiquid investments, which include private credit

Alaska fund appoints CIO
Alaska Permanent Fund Corporation (APFC), the $65 billion sovereign wealth fund, has promoted an official to chief investment officer.

Alaska pension fund puts $123 million to work following $1 billion credit platform launch
Alaska Permanent Fund Corporation (APFC) has made a $123.3 million commitment to a European direct lending fund

Calpers appoints CIO
California Public Employees Retirement System (Calpers), the $360 billion pension fund, has appointed Yu Ben Meng as chief investment officer.

Sound Point wins $285 million CLO equity mandate from Canadian pension fund
The C$366.6 billion Canadian Pension Plan Investment Board is looking towards CLO equity to broaden its investment exposure

Full steam ahead: Italian railway workers' pension fund seeks private debt exposure
Eurofer, the €1 billion Italian pension fund, for railway workers, is seeking debt managers, with a focus on infrastructure, real estate or unlisted real estate companies.

39% of private debt investors are underweight, but they're looking for opportunities
485 Investors have come together to reveal their thoughts about allocation, in a survey conducted by London-based investment consultant bfinance

Hampshire pension fund seeks private debt manager for £325 million mandate
Hampshire County Council is seeking a private debt firm to manage a £325 million private debt account for its pension fund, according to documents seen by Creditflux

Louisiana pension fund to increase exposure to private debt
The $21 billion pension fund plans to add new commitments to its private debt program in a bid to match its 8% target allocation

Beechbrook edges towards first close for £300 million UK SME fund
Strathclyde Pension Fund has mandated £30 million to Beeechbrook UK SME Credit II, which will target a 8%-9% net IRR