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

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  

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

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

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  

US pension allocates $150 million to private credit
Alaska Permanent Fund Corporation (APFC) has backed two private credit funds, committing $150 million to the asset class  

UK pension partnership launches maiden private credit offering at £581 million
Border to Coast Pensions Partnership (BCPP) is set to commit £581 million in private credit, as part of its maiden offering in this asset class  

West coast pension looks to step up direct lending allocations
The City of Fresno Retirement System will commit $140-160 million to private credit for the next two years, according to board documentation seen by Creditflux. This comes amid a pause in direct lending commitments for the pension fund, which has not committed any capital to this market in 2019

Italian journalists set for greater exposure to infrastructure debt
The pension fund for Italian journalists has launched a request for proposals in which it seeks exposure to infrastructure debt, along with infrastructure equity

Minnesota pension to invest $300 million in distressed and private credit funds
Minnesota State Board of Investments is set to invest $100 million in a mezzanine debt fund and $200 million in a distressed debt fund

Italian pension eyes private market investments with debt and equity mandate
Fondoposte has launched a request for proposals in which it outlines plans to invest in private debt and private equity  

Arizona pension to deploy up to $700 million a year in private credit
Arizona Public Safety Employee System is looking to deploy $600-700 million in private credit strategies per year in order to meet its target allocation, according to board documents seen by Creditflux.

Canadian pension awards €300 million to middle market real estate debt
Canada Pension Plan Investment Board (CPPIB) has awarded €300 million to a separately managed account focused on real estate across Spain and Portugal. The pension fund did not name who this partnership was with 

US pension fund earmarks $1.3 billion for credit
Teachers’ Retirement System of the State of Illinois (TRS) is set to commit $1.3 billion to credit funds, as part of its global income portfolio.  

New York teachers’ pension backs energy credit fund
New York State Teachers’ Retirement System has committed $200 million to a credit fund managed by Orion Energy Partners, according to documents seen by Creditflux