Endowment funds eye allocations to private credit
Endowment funds are evaluating private credit funds in a bid to meet their 7% return hurdles, and Commonfund, based in Wilton in Connecticut, is leading the charge.

US pension fund to commit $1.1 billion in private credit by 2020
Investment consultant NEPC has recommended that Arizona Public Safety Personnel Retirement System (PSPRS) commit $550 million in private credit in both 2019 and 2020, according to a private credit review  

Texas pension scheme earmarks $45 million for private debt
San Antonio Fire and Police Pension Fund is set to commit $45 million in private debt in 2019, according to minutes from the March board of trustees meeting.  

Maryland pension carves out private debt bucket
The Baltimore pension fund has also mandated a total of $25 million to one direct lending fund and one distressed debt fund 

Texas pension awards $75 million to CLO fund
The new commitment will sit in its strategic credit opportunities bucket

Madison closes real estate debt fund above $1 billion target size
The New York-based manager now has over $4.5 billion of capital to deploy

Korean institution hunts for direct lending managers
Korea Post has launched a request for proposals in which it seeks out two managers to invest a total of $200 million into global direct lending loans  

Californian pension fund opens search for private markets consultant
Kern County Employees’ Retirement Association, the $4.2 billion pension fund, is searching for a non-discretionary private markets consultant to advise on private credit, private equity, and private real assets investments  

Chicago pension fund seeks fixed income managers
Policemen's Annuity and Benefit Fund of Chicago (PABF) has launched two requests for proposals (RFPs) searching managers for its core fixed income and core fixed income portfolios.  

Texas pension fund looks to top up credit portfolio
Texas County & District Retirement System (TCDRS) has decided to increase by 3% its target allocation to strategic credit  

New York pension fund hunts for private debt and equity consultant
New York State Teachers' Retirement System has launched a request for proposals in which it seeks non-discretionary private debt and private equity consulting services  

Searchlight nears first close for $2.75 billion special situations fund
Searchlight Capital Partners is expecting to hold a first close for Searchlight Capital III April, according to documents seen by Creditflux

Montana pension considers direct lending fund
Montana Board of Investments, the US pension fund, is planning to discuss on new private equity commitments on its board meeting on 2 April, according to the agenda documents seen by Creditflux.  

Californian pension reveals 2019 private credit plan
Ventura County Employees’ Retirement Association is considering committing up to $80 million to private credit funds, following a recommendation of its investment consultant NEPC  

Italian manager launches fund for private debt opportunities
DeA Capital Alternative Funds, an Italian asset manager, has launched an alternatives fund to target global private debt investments, along with investments in private equity and infrastructure  

US pension backs Vista credit fund
Illinois Municipal Retirement Fund (IMRF) has approved a $50 million commitment to Vista Credit Partners Fund III, according to documents from the March board of trustees meeting  

US institution eyes credit as part of private equity expansion
University System of New Hampshire (USNH) looks to add credit commitments into its private equity portfolio, as part of the asset class new target allocation.

Texas pension fund creates new credit bucket
The Employees Retirement System of Texas (ERS) has approved a 3% opportunistic credit allocation, according to documents from an investment advisory committee meeting in March seen by Creditflux  

European regulators lower Solvency II capital charges for private debt
The European Commission has amended Solvency II rules to make it easier for insurance companies to invest in private debt and private equity

Massachusetts pension seeks multi-sector bond managers
Massachusetts Water Resource Authority Employees’ Retirement System has launched a request for proposals in which it opens the search for multi-sector and specialty lending bond managers  

US pension fund earmarks $375 million for various credit strategies
Massachusetts Pension Reserves Investment Management Board (Mass PRIM) has committed $125 million to distressed, $100 million to aviation investments, while earmarking $150 million for structured credit    

Los Angeles pension to shortlist managers for private credit mandate
Los Angeles City Employees’ Retirement System (LACERS) is set to short-listed six firms as semi-finalists as part of a $670 million private credit mandate.  

Pimco targets securitisation-friendly assets for $1 billion fund
Pimco is winning US pension fund support for a strategy geared towards purchasing what it describes as private credit assets “that have historically been securitised”

Oklahoma pension backs Pimco's evergreen credit fund
Oklahoma Firefighters Pension & Retirement System has decided to commit $75 million to Pimco Private Income Investment Strategy, according to minutes from the US pension fund’s board meeting in January.  

Los Angeles pension seeks high yield managers
Los Angeles City Employees’ Retirement System has launched a request for proposals, searching for firms to manage up to $216 million each in a mix of high yield strategies, through separately managed accounts