US pension looks to extend contract with EM debt manager
Los Angeles City Employees’ Retirement System is looking to finalise a one-year contract extension with a manager that has been handling EM debt investments since March 2014  

Ares makes rare move by pulling out of private debt mandate
Greater London’s local government pension pool has lost one of its credit managers after Ares Management withdrew from its role as fund manager on an illiquid loan and private debt mandate  

UK pension eyes managers as part of £1 billion-plus credit expansion
Border to Coast Pensions Partnership is seeking investment managers for single credit asset class mandates,

Napier Park beats 47 managers to win pension's lucrative credit mandate
Napier Park Global Capital has emerged as the winner for a $500 million illiquid credit mandate for Los Angeles County Employees Association, after the pension recieved 48 responses to its original request for proposal 

HIG WhiteHorse reaches $1.1 billion final close for direct lending fund
HIG WhiteHorse has announced a final close on its direct lending fund, HIG WhiteHorse Principal Lending Fund

Private debt takes centre stage as Arizona looks to bolster credit allocation to 25%
Arizona State Retirement System remains bullish on credit with the $41.9 billion institution looking to bolster its entire credit allocations to almost a quarter of the fund - and private debt will take centre stage in the Arizona pension’s growth plans

US pension backs two private debt managers, but retreats from syndicated loans
San Antonio Fire & Police Pension Fund ended 2019 bullish on private debt but shying away from syndicated loans

Texas pension commits $250 million to large US direct lender
Texas County & District Retirement System closed out 2019 with a $250 million allocation to US direct lending

Insurance companies could ramp exposure to CLOs and private credit in 2020
US-based insurers have roughly $7 trillion in assets and a small increase in allocations could have huge implications for the leveraged loan market, CLOs and private credit managers—a dynamic that could unfold in 2020

New York pension commits $225 million to distressed credit
New York State Common Retirement Fund has earmarked $225 million to invest in a fund and a co-investment vehicle managed by Blantyre Capital  

UK pension fund looks for emerging market manager to oversee £900 million
Pension partnership LGPS Central has launched a request for proposals for emerging market bond managers to oversee £900 million ($1,186 million)

US pension hires Wilshire as ESG consultant
The Rhode Island State Investment Commission has appointed investment advisor Wilshire Associates as environmental, social, and governance consultant at a contract worth up to $75,000  

Texas pension appoints CIO
Teacher Retirement System of Texas has appointed a new chief investment officer, effective from January 2020  

CDP commits to Italian private debt
Italian state-owned investor Cassa Depositi e Prestiti (CDP) has committed €40 million to a private debt fund managed by Anthilia Capital Partners

US pension backs special opportunities fund
Virginia Retirement System (VRS) has committed $150 million to a special opportunities fund, managed by Ares Management Corporation  

SSG collects $2.7 billion for Asian special situations fund
SSG Capital Management has raised $2.7 billion for its fifth Asia Pacific-focused credit and special situations strategy, SSG Capital Partners V, surpassing the strategy's original $1.5 billion target size

Managers acquiesce on fees as small UK pensions seek private credit nest egg
Private credit fund managers are rejigging their fee structures in order to attract small UK pension schemes.

Devon pension backs Brunel private debt portfolio
Devon pension fund’s committee has approved a £100 million ($131 million) commitment to Brunel private debt portfolio, according to documents seen by Creditflux

Pitching your structured credit fund: the three golden rules
Structured credit fund managers were given a lesson in how to market their strategies by a group of asset allocators at the Creditflux CLO Summit in New York.

Florida pension seeks private credit consultant for new strategy
City of Jacksonville Retirement System has launched a request for proposals, searching for a firm to provide private credit consulting services  

Texas pension awards €100 million to European direct lending
Texas County and District Retirement System has allocated €100 million to a European direct lending fund managed by Metric Capital Partners

Pennsylvania pension creates private credit bucket
Pennsylvania State Employees’ Retirement System has approved a new 4% allocation to the private credit asset class

Danish pension backs green bonds
Sampension is set to boost its green portfolio, by allocating DKK300 million to German and Irish green bonds

US university backs private credit fund
The University of Michigan Regents has committed to a private credit fund that purchases small balance commercial and industrial loans

Californian pension commits $15 million to Angelo Gordon credit fund
San Mateo County Employees' Retirement Association (SamCERA) has approved a $15 million commitment to a fund managed by Angelo Gordon, according to documents seen by Creditflux