Church Pension looks to the heavens and gives its blessing to solar debt fund
New York-headquartered Social Investment Managers & Advisors (SIMA) has won a $17 million mandate from the Church Pension Fund for its Off-Grid Solar Debt Fund 

Wisconsin pension fund commits to PE firm's debut credit strategy
A Houston-headquartered asset manager has recieved a $50 million commitment for its inaugural credit fund, which has a target size of $225 million

Texas pension fund allocates $100 million to direct lender's upcoming fund
Boston-based Summit Partners has received a $100 million commitment for its third credit fund – Summit Partners Credit Fund III – by a Texas pension fund

KKR Credit wins US pension fund's $300 million private debt mandate
KKR credit has won a mandate from an Iowa pension fund to act as its private corporate debt strategic partner, board documentation seen by Creditflux reveals

KKR and Audax poised to receive commitments from Arizona pension fund
Arizona’s Safety Personnel Retirement System may commit $175 million to credit strategies run ky KKR and Audax, according to board documents seen by Creditflux

Pennsylvania pension fund commits $100 million to US direct lending
A Pennsylvania pension fund has approved $175 million in new commitments to asset mangers, including $100 million to a credit fund run by Brightwood Capital Advisors

Investors pledge cash after turning to direct lender Prestige
Just like every magic trick has three parts, every fundraising has three stages: building a track record, marketing and, the most difficult, delivering strong returns. Prestige is clearly performing well as it gains three investor mandates

Manager edges closer to its $3 billion hard cap on credit fund
A California pension fund has approved a commitment for up to $30 million in a credit and distressed debt fund

Chicago manager launches $1.2 billion leveraged direct lending fund
A new mid-market credit fund has raised $415 million equity capital, exceeding its original $350 million target

Orlando pension fund ups its private debt allocation
The Orlando Police Pension Fund is set to increase its target allocation for private credit by 2%, documents seen by Creditflux reveal

Los Angeles pension fund considers investing in CLOs
A large LA pension fund wants to boost returns from its fixed income portfolio and has set its sights on CLOs and private debt

New Mexico council allocates $100 million each to four credit-focused funds
The New Mexico Investment Council is poised to invest in an HPS Investment Partners loan fund and boost its investments in three credit-focused funds

New Jersey pension to invest $200 million with boutique private debt manager
The New Jersey State Investment Council is poised to invest in a private debt fund run by Chatham Asset Management

Large insurers staff up for major expansion into direct lending
Large insurance companies are looking to take on the heavy-lifting of direct lending themselves 

East coast pension fund commits $50 million to Carlyle private credit fund
The New Hampshire Retirement System has committed to invest $100 million to Carlyle Group, including $50 million to a private credit fund

Catholic fraternity puts its faith in Audax for private debt partnership
New York-based Audax Management Company and New Haven-based Knights of Columbus Asset Advisors have partnered together on a private debt fund that has raised almost $123 million in a year

Local Pensions Partnership looks to go direct with £1.3 billion credit fund
The Local Pensions Partnership (LPP), which runs the pension schemes of two separate UK local government areas, has announced the launch of a £1.3 billion ($1.7 billion) credit fund

Kentucky pension funds invest $150 million in two US managers
Kentucky Retirement Systems has agreed to invest $150 million in private credit assets with two US asset managers, and has hired a new consultant to advise on asset allocation

US pension fund eyes private credit and increases credit allocation by 2%
A Pennsylvania pension fund is expected to up its target credit allocation and decreased its target allocations to private markets and real estate

Canadian pension giant makes big hire for new European direct lending unit
Caisse de Dépôt et Placement du Québec (CDPQ) has made its move into European direct lending

Illinois pension fund to invest in new NXT and Riverstone credit funds
An Illinois pension fund is set to invest $125 million with NXT Capital and $100 million with Riverstone Credit Partners as it ups its income allocation target by 1%

Devon pension fund hires two firms and creates £150 million private credit bucket
A Devon pension fund is set to introduce a 3% allocation to the private debt asset class.

Arizona retirement trust ups its private debt allocation by $75 million
The Arizona Public Safety Personnel Retirement System (PSPRS) is set to up its private debt allocation, committing up to $75 million to a New York-based manager.

Institutional investors - does Europe still provide the best opportunities in credit?
Cash or synthetics, CLOs versus CMBS, senior or junior debt? Institutional investors have a variety of ways to approach credit investing and Creditflux's biannual survey of credit allocators aims to determine which market they view as offering compelling returns

New Ares strategy points to euro direct lending SMA with US pension fund
Ares Management has registered a vehicle known as Ares European Credit Strategies VII, in what is believed to be a separately managed account geared towards direct lending