Ohio pension fund drops Penn after rewriting its allocation to high yield
The Ohio Police and Fire Pension Fund (OP&F) decided last month to drop Penn as part of its decision to downsize the high yield asset class, according to a fund announcement

Asian airline operator approves $30 million ticket for new CarVal credit fund
US credit strategies continue to attract capital from Asian investors with CarVal Investors the latest asset manager to distribute a fund in the continent

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

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

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%

Dakota pension fund awards $300 million to asset management giant
Dakota pension fund cuts MBS exposure to make space for an investment in a coporate bond fund

New York pension gets behind CLO manager's risk retention vehicle
The New York State Common Retirement Fund invested $450m in two credit funds in July, documents seen by Creditflux reveal

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

US pension fund agrees $200 million investment in new GSO distressed fund
GSO Capital Partners has got off to a strong start as it markets a new distressed debt fund. There are signs that the multi-billion offering is being sold in South Korea

New York credit manager passes the audition for Hollywood pension mandate
And the award for the Hollywood penson fund's fixed income mandate goes to…

CDPQ joins the private credit rush with senior hire in New York
O Canada - you're quickly becoming home of the private credit market. We list the key people flows over the last two years as pension funds in North America become ingrained in private credit

Credit manager wins $200 million mandate from Texas pension fund
A west coast asset manager will be responsible for a separate account which will invest opportunistically across the credit market

Ohio pension fund hires restaurant-focused direct lender
Ohio-based pension fund adopts a new private credit allocation after hiring its sixth private credit manager

Pension fund signs up to majority CLO equity strategy
A control CLO equity investor has pulled in $100 million of capital from a US pension fund

Michigan pension goes back for more of manager's direct lending fund
The State of Michigan Retirement Systems made a secondary purchase of a US direct lending fund

US pension fund turns to mid-market credit to diversify in fixed income
The Westfield Retirement System  is looking for a mid market manager to oversee a new $10 million fixed income strategy

West coast pension fund tweaks its fixed income portfolio balance
A US pension fund is cutting down on fixed income in favour of an increased allocation to real assets

Arizona pension fund eyes $50 million investment in upcoming debt fund
A US pension fund is considering a $50 million allocation to a mortgage lending fund which is slated to reach $150 million

Mid-west pension fund approves credit allocations to KKR and Avenue
A mid-west pension fund has upped its allocation to KKR’s latest direct lending strategy

Texas pension fund stocks up on direct lending with $675 million allocation
A US pension fund is clearly a big fan of direct lending strategies having hired two managers. It has now committed $1.2 billion to direct lenders this year

US pension grants $200 million to private credit
A west coast pension fund plans to increase more than five-fold its exposure to US direct lending