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.  

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  

California pension fund seeks opportunistic credit manager
Merced County Employees’ Retirement Association is on the search for an opportunistic credit manager, according to board minutes seen by Creditflux

Wealth manager forms CLO partnership with Eagle Point
Alexandria Capital has formed a strategic partnership with CLO equity investor Eagle Point Credit Management

Los Angeles pension fund plans $3.7 billion allocation to credit
Los Angeles City Employees' Retirement System, the $17 billion pension fund, is allocating to credit in 2019 - it's looking to put $2.44 billion to work in core-fixed income, $800 million into emerging markets debt, $235 million into high yield and a similar amount into a bond/loan hybrid fund

San Francisco pension ramps up private credit portfolio with $80 million commitments
The $24.5 billion pension fund currently has a 2.2% actual allocation to private credit, despite a 10% target allocation

Dai-ichi anchors global infrastructure debt fund with $176 million
Asset Management One Alternative Investments has joined together with Dai-ichi Life Insurance to launch a new global infrastructure debt fund

Orange County pension fund commits to Monroe direct lending strategy
Orange County Employees Retirement System (OCERS), has committed $75 million to Monroe Capital Private Credit Fund III, but it's also reducing its overall allocation to credit    

US pension commits $100 million to Apollo's hybrid private credit/private equity fund
Pennsylvania State Employees’ Retirement System has mandated $100 million to a multi-strategy fund managed by New York-based Apollo Global Management

New Mexico pension fund supplies $100 million to private energy credit
A new energy credit fund will primarily underwrite direct loans to small and middle market conventional energy companies

Iowa pension plan seeks high yield manager
Iowa Public Employees Retirement System (IPERS), a $30 billion public pension fund, is searching for one or more firms to manage its high yield portfolio    

TSSP launches capital solutions fund
TPG Sixth Street Partners (TSSP), the credit platform of private equity giant TPG, has launched a fund to target late stage growth companies

Alameda County approves $33 million investment in senior loan fund
Alameda County Employees’ Retirement Association has approved a $33 million commitment to a senior debt fund managed by Abry Partners

New Jersey pension fund allocates $100 million to tech-focused BDC
The State of New Jersey Department of Treasury has awarded $100 million to a direct lender's sector-focused BDC

Dallas pension fund set to cut private debt
The Dallas Police and Fire Pension Fund, at an 11 October meeting, approved a new long-term asset allocation plan that will gradually wind-down its private debt portfolio

Los Angeles pension fund looks for direct lender to take on $670 million mandate
The $16.9 billion pension fund approved a new asset allocation in April this year and is now issuing a private credit mandate for 3.75% its total fund assets 

Texas pension fund backs distressed debt specialist with $25 million
Texas County and District Retirement System (TCDRS), the $30 billion public pension fund, committed $25 million to Redwood Opportunity Domestic Fund on 1 October.  

Boston pension system looks to allocate towards private debt
The Boston Retirement System has opened the search for a close-ended private debt fund.

Alaska fund appoints CIO
Alaska Permanent Fund Corporation (APFC), the $65 billion sovereign wealth fund, has promoted an official to chief investment officer.

Calpers appoints CIO
California Public Employees Retirement System (Calpers), the $360 billion pension fund, has appointed Yu Ben Meng as chief investment officer.

Sound Point wins $285 million CLO equity mandate from Canadian pension fund
The C$366.6 billion Canadian Pension Plan Investment Board is looking towards CLO equity to broaden its investment exposure

39% of private debt investors are underweight, but they're looking for opportunities
485 Investors have come together to reveal their thoughts about allocation, in a survey conducted by London-based investment consultant bfinance

Hampshire pension fund seeks private debt manager for £325 million mandate
Hampshire County Council is seeking a private debt firm to manage a £325 million private debt account for its pension fund, according to documents seen by Creditflux

Louisiana pension fund to increase exposure to private debt
The $21 billion pension fund plans to add new commitments to its private debt program in a bid to match its 8% target allocation

Texas pension awards $175 million to distressed debt and strategic credit
The $30.1 billion Texas pension fund has mandated $175 million to Arbour Lane and Marblegate