Two managers beat 70 for £900 million emerging market bond mandate
LGPS Central has selected two external managers for its £900 million Global Active Emerging Market Bond Fund

US manager wins $250 million for talf managed account
Massachusetts Retirement Board has earmarked $250 million to a term asset backed facility managed account, according to documents seen by Creditflux

Four US pensions eye talf fund allocations
Four US pension funds are seeking proposals from investment managers to oversee term asset backed loan facility programmes, according to documents seen by Creditflux

University of Kentucky awards $40 million to two fixed income managers
University of Kentucky awarded $40 million to two fixed income managers at its 6 April board meeting

Private credit dangers lurk, but fear drives inflows
Fear of missing out is one reason institutional investors are allocating to private credit, but market partici­pants say that investors should err on the side of caution, despite the number of attractive opportunities

New Hampshire pension invests $50 million in US direct lending
​New Hampshire Retirement System has allocated $50 million to a US direct lending manage with which it has a relationship, having committed $40 million and $50 million to predecessor funds

Florida pension allocates $600 million to three credit managers
Florida State Board of Administration has awarded $600 million to three credit managers in the first quarter, according to a board update seen by Creditflux

Angelo Gordon wins third opportunistic credit mandate with US pension
The familiar tale of investors favouring existing relationships shows as Angelo Gordon recieved $25 million for an opportunistic credit fund from a pension with two existing commitments to the New York-based manager

US pension approves four-year private credit plan as direct lenders report performance
Santa Barbara County Employees has approved a private credit pacing plan from investment consultant RVK to maintain a commitment schedule of $40 million per year to the asset class until 2024 to achieve its target allocation and diversification

Boston pension seeks distressed debt manager
Boston Retirement System is reissuing its private debt manager search and soliciting proposals from firms to manage a distressed debt mandate 

New Mexico pension allocates $235 million to credit
New Mexico Educational Retirement Board has allocated $235 million to three credit managers, a spokesperson for the pension has confirmed

US pension gains 6.5% in three days after putting $350 million into credit
Marathon, Waterfall, ArrowMark and Columbia were allocated $350 million from a US pension for structured credit, Talf and high yield mandates

Virginia pension allocates $850 million to credit in Q1
Virginia Retirement System has allocated $850 million to three credit strategies in the first quarter of the year, according to an update at its 15 April investment committee meeting

Texas pension allocates $100 million to Apollo credit hedge fund
Employees’ Retirement System of Texas has allocated $100 million to open-ended long-short credit fund, according to its March update 

Vermont pension expands private credit and core bonds allocation
Vermont Pension Investment Committee has reshuffled its credit portfolio including transitioning its short-term, quality credit allocation to an active core bonds mandate, as well as redeploying core plus fixed income into an expanded private credit allocation.

US pension delays restructuring fixed income portfolio over coronavirus concerns
Fresno County Employees’ Retirement Association has delayed plans to restructure its fixed income portfolio due to coronavirus concerns, according to board documentation

Three CLO investors win mandates from US insurer
New York State Insurance Fund has selected 11 credit managers to invest around $1 billion across corporate loans, high yield bonds and CLO tranches, according to documentation seen by Creditflux. Three  of these mandates are geared towards CLOs 

US pension to cut long-term private markets pacing plan by 10%
The Educational Employees' Supplemental Retirement System of Fairfax County is considering reducing its 10-year private markets pacing plan commitments by around 10%, according to board documentation seen by Creditflux

Ohio pension injects $175 million into credit via JP Morgan and HPS
The School Employees Retirement System of Ohio has made a $175 million commitment to two strategies; high yield and direct lending

Baltimore pension seeks new private credit managers
Fire and Police Employees’ Retirement System of the City of Baltimore is looking to invest $40 million to private credit with new managers, according to documents seen by Creditflux

Bethlehem pension looks to add direct lender to its stable
The City of Bethlehem Aggregated Pension Plan is looking for managers to oversee a middle market private debt allocation, according to a recently launched request for proposals

Brigade collects $100 million for 'senior tranche' SMA
Brigade Capital Management has won a $100 million mandate from Texas County & District Retirement System for a structured credit fund geared towards senior tranches

Rhode Island to step up private and 'opportunistic' credit investments
Rhode Island State Investment Commission, which manages the Employees’ Retirement System of Rhode Island, plans to increase its allocation to private credit and what it terms opportunisitic credit, according to investment consultant Cliffwater

Massachusetts pension commits $200 million to structured and corporate credit
Massachusetts Pension Reserves Investment Trust has approved commitments with CKC Credit Opportunity and LMCG Serenitas  

Rhode Island pension moves into EM debt
Investment consultant NEPC has recommended Wellington Management for emerging debt strategies to Employees' Retirement System of Rhode Island (SIC), following the pension fund’s recent decision to approve a 2% allocation to the asset class