Consultant calls on investors to quiz managers over ESG processes
The lack of consistent and reliable data seems to be a major challenge when embracing environmental, social and governance (ESG) criteria across private equity, infrastructure and credit.

Texas pension fund puts $150 million into credit
A $29.7 billion pension fund has approved commitments to two credit fund managers

Audax wins $100 million direct lending mandate from US pension fund
The $3.5 billion Pennsylvania State Employees Retirement System has awarded $100 million to a US direct lending fund managed by Audax Group

Californian pension fund assigns $25 million to Monroe direct lending strategy
As part of its private credit pacing plan, the $5.4 billion pension fund will make a $75 million commitment to direct lending funds each year for the next three years

Californian pension fund looks to increase exposure to opportunistic credit
Merced Country Employees Retirement Association (MCERA) may increase its exposure to opportunistic credit, according to documents seen by Creditflux

Sovereign investors' allocation to alternative credit increase rapidly, finds survey
Sovereign investors are increasing their exposure to CLOs, direct lending and bank loans, according to a 2018 Global Sovereign Asset Management Study published by Invesco this week

Ohio pension fund seeks to deploy $200 million in private credit
An Ohio pension fund is looking to commit $200 million to private credit in the next year

Michigan pension fund looks to commit $80 million to debt funds
The $114 billion Michigan pension fund is looking to commit to two private debt funds managed by London-based Kreos Capital and New-York headquartered MidOcean Credit Partners

Canadian pension fund launches inaugural green bond
The Toronto-headquartered pension fund has become the first ever pension fund to issue a green bond

TPG credit fund edges nearer $3 billion final after $150 million pension mandate
TPG Sixth Street Partners, the credit arm of private equity giant TPG, has been awarded $150 million for TSSP Opportunities Partners IV

Alaska pension fund creates $1 billion credit platform
In conjunction with the new credit platform, Alaska Permanent Fund Corporation has created a $500 million private credit co-investment fund with California-based Pathway Capital Management

Massachusetts pension fund invests $75 million with TowerBrook
Mass PRIM) has made a $75 million commitment to New-York based TowerBrook Capital Partners for its second structured opportunities fund, according to 15 May board documentation

San Francisco pension fund to deploy up to $4.5 billion in private debt
The City and County of San Francisco Employee’s Retirement System has revealed details of its new private debt pacing plan - which will see it deploy up to $4.5 billion and partner with up to 25 private debt managers over the next six years

Pension fund ups commitment to TPG special situations fund by $150 million
Kern County has upped its commitment to TSSP Adjacent Opportunities Contingent Fund, managed by TPG’s special situations platform TPG Sixth Street Partners, 9 May board documents reveal. 

Boston-based manager launches $1.25 billion real estate debt fund
US real estate investment firm Berkshire Group has closed its second debt fund with $1.25 billion equity commitments, which will target at least 10% returns

Louisiana pension fund commits $75 million to new Oaktree fund
The Teachers Retirement System of Louisiana (TRSL) has made a $75 million commitment to distressed debt manager Oaktree, a spokesperson for the $9.5 billion pension fund confirmed

Sound Point wins $125 million mandate for strategic credit fund
Sound Point Capital Management has won a $125 million mandate for its Strategic Capital Fund, which will provide liquidity solutions to US stressed and distressed companies 

CarVal closes fourth distressed credit fund at $3 billion hard cap
Minneapolis-based CarVal Investors has held a final close for its fourth credit value fund – CVI Credit Value Fund IV (CVF IV), hitting its hard cap with $3 billion capital commitments

New York pension fund signs up to new SVP distressed debt fund
New York State Common Retirement Fund has made a $150 million commitment to distressed debt specialist Strategic Value Partners, board documentations reveal 

US pension fund backs ICG's global mid market offerings
London-based Intermediate Capital Group has won further commitments from US pension funds for middle market credit investing

Massachusetts pension fund searches for direct lender
A Massachusetts pension fund is looking to commit to $7.5 million to direct lending, according to board documents seen by Creditflux.

New Hampshire pension agrees $50 million investment in direct lending
New Hampshire Retirement System (NHRS) has committed $50 million to a Chicago-based direct lender

New York pension commits €200 million to ICG across two mid market funds
ICG has won a €200 million golden ticket for two of its mid market funds: ICG North American Private Debt Fund II and ICG Europe Fund VII

Connecticut pension fund looks to commit $65 million to real estate debt
Connecticut Retirement Plans and Trust Funds (CRPTF) is looking to invest $65 million to opportunistic real estate debt, according to 13 April board documents.

California pension fund seeks private markets advisor
Stanislaus County Employees’ Retirement Association (StanCERA) is searching for a private markets advisor to help manage the pension fund’s private markets activities, board documentation reveals.