Minnesota pension slates $100 million for private credit
The pension fund has so far allocated $2.4 billion to private credit across 12 managers and 25 funds

US pension seeks private credit consultant and ESG services
New Jersey Division of Investment has launched a request for proposals (RFP) searching for hedge fund and private credit investment consultant services. It has also launched a search for environmental, social and governance (ESG) ratings, research and related services  

Silicon Valley pension to invest $20 million in private debt
San Jose Federated City Employees Retirement System and Health Care Trust is set to make commitments of $20 million in private debt, as part of its fiscal year 2019-2020 pacing plan, according to documents seen by Creditflux  

Los Angeles pension appoints four managers for private credit mandate
Los Angeles City Employees Retirement System (Lacers) has awarded four contracts for a $670 million private credit mandate search, according to minutes from the July investment committee meeting.  

BlueMountain buyout to bring CLO equity shift, funding pledge and Feldstein payout
BlueMountain Capital Management’s co-founder Andrew Feldstein looks set to receive a substantial pay-out in common shares of Assured Guaranty, which has agreed to buy the manager for around $160 million and has outlined a three-year plan for its CLOs

US pension scheme eyes 50 South Capital fund of funds
50 South Capital Backed Credit Fund II, a fund-of funds vehicle, is set to invest in four loan funds in small and medium size companies, according to documents seen by Creditflux  

Texas pension seeks direct lending funds backed by hard assets
San Antonio Fire & Police Pension Fund is launching a private debt search with a focus on hard-asset lending, according to pension fund meeting documents seen by Creditflux  

Pennsylvania SERS appoints acting CIO
The $29 billion Pennsylvania State Employees’ Retirement System (SERS) has appointed deputy chief investment officer James Nolan as acting chief investment officer, effective from this weekend

US university backs Asian direct lending fund
University of Michigan has committed $50 million to SSG Capital Partners V, according to documents seen by Creditflux  

Utah fund set to invest $45 million across Beach Point and Crestline funds
The Utah School & Institutional Trust Fund Office is set to make commitments to credit funds managed by Beach Point Capital Management and Crestline Investors

UK pension pool to launch maiden private credit offering
Border to Coast Pensions Partnership is launching its first private credit offering in early Q4, Creditflux has learned

US pension fund to invest $490 million in private credit by 2023
Alameda County Employees Retirement Association has launched a private credit portfolio, with plans to invest up to $490 million and meet a target allocation of 4% by 2023  

Raven asset-based fund gets nod from San Joaquin pension for an extension
The San Joaquin County Employees’ Retirement Association approved an extension of its $50 million investment with Raven Asset Management to June 2020

Californian pension backs investment in BlueBay spin out
Ventura County Employees’ Retirement System has agreed to maintain investment in BlueBay’s private debt business following this being span out into a new entity, according to a board meeting document seen by Creditflux  

Arizona pension invests in shipping fund as it steps up private credit allocations
Arizona Public Safety Personnel Retirement System (PSPRS) has approved commitments to Northern Shipping Fund IV, according to transaction documents seen by Creditflux.  

Investors find it's healthy to diversify in private credit as they back Orbimed fund
Orbimed is targeting a $1.2 billion final close for its latest healthcare royalties fund, underlining the views of Eaton Partners’ Chrystalle Anstett, who said in an interview with Creditflux that investors are looking for assets that are uncorrelated with broader fixed income strategies

Rhode Island pension backs Clearlake credit fund
Rhode Island Employees Retirement Systems Pooled Trust is set to commit $30 million to Clearlake Opportunities Partners II, according to documents from an investment commission meeting seen by Creditflux  

South Carolina pension backs tech-focused BDC
South Carolina Retirement System Investment Commission (RSIC) has committed $100 million to Owl Rock Technology Finance Corporation, according to documents seen by Creditflux  

Arizona pension bullish on private credit after beating benchmark
Credit returns have bolstered performance for Arizona State Retirement System – and the pension fund remains bullish on future allocations to private debt

Los Angeles pension fund to shortlist illiquid credit managers
Los Angeles County Employees Retirement Association (LACERA) is set to select semi-finalists for an $500 million illiquid credit mandate by July  

PSP's private debt portfolio generates 9.2% return
Public Sector Pension Investment Board (PSP) has generated a 9.2% one-year rate of return of its private debt portfolio, exceeding its 5.7% benchmark, 

US pension replaces Cliffwater with Meketa
Connecticut Retirement Plans and Trust Funds has selected Meketa as a consultant to oversee its opportunistic investments, which consists of direct lending and opportunistic credit investments, along with investments in hedge funds and real assets.  

US pensions funds allocate to Lone Star and Raven credit strategies
Two US-based pension schemes have invested in funds with exposure to credit, highlighting the appetite of institutional investors towards off-the-run asset classes.