Ohio pension fund assigns $50 million to distressed debt
Ohio School Employees Retirement System has awarded $50 million to a distressed debt fund managed by GoldenTree Asset Management

New York pension fund allocates €250 million to European credit manager
A $207.4 billion pension fund has awarded the mandate to a multi-strategy credit fund managed by EQT Partners 

Minnesota pension slates $200 million to private credit after strong returns over Q3 2018
Minnesota State Board of Investments has awarded a $200 million commitment to two private credit managers

Hyundai allocates $250 million to US real estate debt
Hyundai Investments has mandated $250 million to a real estate debt fund co-managed by Related Cos and HPS Investment Partners

US regulation drives insurance money towards credit ETFs
Institutional investors are increasingly allocating to credit exchange-traded funds (ETFs), but their motivations are changing. These vehicles are famed for their liquidity, but several investors are said to be pouring money into them for the long term amid regulatory changes which have made ETF investments more favourable

San Francisco pension bolsters private credit portfolio with €60 million commitment
San Francisco Employees’ Retirement System has awarded €60 million to a distressed debt fund 

New Zealand Superannuation Fund hires CIO
New Zealand Superannuation Fund (NZSF) has appointed Stephen Gilmore to serve as chief investment officer  

Iowa pension to commit $200 million to private credit in 2019 as it addresses shortfalls
Iowa Public Employees Retirement System (IPERS) plans to make $200 million in private credit commitments during 2019, according to documents seen by Creditflux, comprising of $100 million each to Monroe Capital and Tennenbaum Capital Partners

Plymouth County pension fund seeks high yield managers
Plymouth County Retirement Association has launched a request for proposal and is searching for managers to oversee a $35 million high yield fixed income portfolio.

Chicago pension fund hires three firms for hedged credit portfolio
Laborers’ and Retirement Board Employees’ Annuity and Benefit Fund of Chicago (LABF) has awarded $60 million across three firms for investments in hedged credit.  

Milwaukee pension fund seeks emerging market debt managers
The Employees’ Retirement System (ERS) of Milwaukee Country has launched a request for proposal (RFP) seeking investment firms to manage a $52 million long-only emerging markets debt portfolio.  

Texas pension awards $500 million to European direct lending managed account
This is the largest investment to credit that the $30 billion pension fund has made

US pension fund seeks HY and IG managers - but not CLOs
Woburn Retirement System, a $153 million US defined benefit plan, has launched requests for proposals seeking investment managers for its US investment grade and high yield investments.  

Sweden eases investment law for pension funds
The Swedish parliament has approved investment guidelines giving the country’s four state pension plans greater freedom to invest in illiquid markets    

Lothian pension fund appoints CEO
Lothian Pension Fund has appointed a new chief executive officer, effective from February 2019, to replace Clare Scott, who is leaving at the end of 2018  

Railpen hires former Amundi Pioneer credit head from Tesco pension scheme
RPMI Railpen (Railpen) has appointed an investment director within the private markets team, effective from 26 November  

Monroe launches $1.33 billion US direct lending fund
With leverage, Monroe Capital will have more than $2.5 billion of capital available for investments

Danish pension fund's CEO steps down
Christian Hyldahl, the CEO of Arbejdsmarkedets Tillægspension (ATP), has given his resignation to the pension fund’s chairman of the board Torben Andersen.  

Tikehau fund edges towards €1.6 billion close with €75 million EIB commitment
The European Investment Bank has approved a €75 million commitment to Tikehau Investment Management

Missouri pension plan seeks alternatives consultant
The $8.2 billion Missouri State Employees’ Retirement System (MOSERS) is seeking an alternative investment consultants

Texas pension fund commits €75 million to European distressed debt
A $30.01 billion pension fund has awarded €75 million to a European distressed debt fund managed by AnaCap Financial Partners

US pension backs Summit credit fund
Ann Arbor City Employees' Retirement System, the $517.5 million US pension fund, has approved a $9 million investment with Summit Partners Credit Fund III, according to board documents seen by Creditflux.  

Finnish foundation seeks alternatives manager
Turku 2029 foundation, a recently created Finnish foundation based in the city of Turku, has issued a notice seeking a manager for its €8m alternatives investments, in a bid to diversify its portfolio.  

ICG hits €4 billion target for European private debt fund
Intermediate Capital Group has hit its €4 billion fundraising target for its seventh European private debt fund, according to the firm’s semi-annual results

Los Angeles pension backs Lone Star fund
Los Angeles Fire and Police Pension System has approved a commitment of up to $40 million to Lone Star Fund XI, according to a monthly report