UK's Tameside borough backs senior loan fund
The Tameside Metropolitan Borough in Manchester, UK has decided to commit $200 million in Churchill Middle Market Senior Loan Fund II, according to documents seen by Creditflux.  

Pennsylvania SERS appoints acting CIO
The $29 billion Pennsylvania State Employees’ Retirement System (SERS) has appointed deputy chief investment officer James Nolan as acting chief investment officer, effective from this weekend

US university backs Asian direct lending fund
University of Michigan has committed $50 million to SSG Capital Partners V, according to documents seen by Creditflux  

French pension hunts for ESG service providers
Fonds de Réserve pour les Retraites (FRR) is set to boost its environmental, social and governance plans with a newly launched responsible investment strategy  

Utah fund set to invest $45 million across Beach Point and Crestline funds
The Utah School & Institutional Trust Fund Office is set to make commitments to credit funds managed by Beach Point Capital Management and Crestline Investors

London pension outlines private debt commitments
Barnet Pension Fund has earmarked £30 million for commitments to Partners Group Multi Asset Credit 2019

UK pension pool to launch maiden private credit offering
Border to Coast Pensions Partnership is launching its first private credit offering in early Q4, Creditflux has learned

US pension fund to invest $490 million in private credit by 2023
Alameda County Employees Retirement Association has launched a private credit portfolio, with plans to invest up to $490 million and meet a target allocation of 4% by 2023  

EIB and Amundi form green partnership for high yield, private debt and securitisations
Amundi and the European Investment Bank (EIB) have teamed-up to launch Green Credit Continuum (Greco) programme with the aim of raising €1 billion over the next three years for green credit initiatives

Raven asset-based fund gets nod from San Joaquin pension for an extension
The San Joaquin County Employees’ Retirement Association approved an extension of its $50 million investment with Raven Asset Management to June 2020

Californian pension backs investment in BlueBay spin out
Ventura County Employees’ Retirement System has agreed to maintain investment in BlueBay’s private debt business following this being span out into a new entity, according to a board meeting document seen by Creditflux  

Arizona pension invests in shipping fund as it steps up private credit allocations
Arizona Public Safety Personnel Retirement System (PSPRS) has approved commitments to Northern Shipping Fund IV, according to transaction documents seen by Creditflux.  

Investors find it's healthy to diversify in private credit as they back Orbimed fund
Orbimed is targeting a $1.2 billion final close for its latest healthcare royalties fund, underlining the views of Eaton Partners’ Chrystalle Anstett, who said in an interview with Creditflux that investors are looking for assets that are uncorrelated with broader fixed income strategies

Investment platform set to launch debut direct lending offering
A platform providing individuals with access to private market funds, is set to launch its first private debt offering imminently, according to market sources  

Italian pension seeks private debt access
Fondo pensione Telemaco has launched a request for proposal, seeking a private debt manager for a €50 million portfolio

Beechbrook earns backing from fund-of-funds operator as it launches Irish SME strategy
Lower-mid market lender Beechbrook Capital has held a €35 million first close on its new Irish-focused private credit strategy

Rhode Island pension backs Clearlake credit fund
Rhode Island Employees Retirement Systems Pooled Trust is set to commit $30 million to Clearlake Opportunities Partners II, according to documents from an investment commission meeting seen by Creditflux  

South Carolina pension backs tech-focused BDC
South Carolina Retirement System Investment Commission (RSIC) has committed $100 million to Owl Rock Technology Finance Corporation, according to documents seen by Creditflux  

Arizona pension bullish on private credit after beating benchmark
Credit returns have bolstered performance for Arizona State Retirement System – and the pension fund remains bullish on future allocations to private debt

Los Angeles pension fund to shortlist illiquid credit managers
Los Angeles County Employees Retirement Association (LACERA) is set to select semi-finalists for an $500 million illiquid credit mandate by July  

PSP's private debt portfolio generates 9.2% return
Public Sector Pension Investment Board (PSP) has generated a 9.2% one-year rate of return of its private debt portfolio, exceeding its 5.7% benchmark, 

US pension replaces Cliffwater with Meketa
Connecticut Retirement Plans and Trust Funds has selected Meketa as a consultant to oversee its opportunistic investments, which consists of direct lending and opportunistic credit investments, along with investments in hedge funds and real assets.  

US pensions funds allocate to Lone Star and Raven credit strategies
Two US-based pension schemes have invested in funds with exposure to credit, highlighting the appetite of institutional investors towards off-the-run asset classes.