US pension backs Vista credit fund
Illinois Municipal Retirement Fund (IMRF) has approved a $50 million commitment to Vista Credit Partners Fund III, according to documents from the March board of trustees meeting  

US institution eyes credit as part of private equity expansion
University System of New Hampshire (USNH) looks to add credit commitments into its private equity portfolio, as part of the asset class new target allocation.

Texas pension fund creates new credit bucket
The Employees Retirement System of Texas (ERS) has approved a 3% opportunistic credit allocation, according to documents from an investment advisory committee meeting in March seen by Creditflux  

European regulators lower Solvency II capital charges for private debt
The European Commission has amended Solvency II rules to make it easier for insurance companies to invest in private debt and private equity

Massachusetts pension seeks multi-sector bond managers
Massachusetts Water Resource Authority Employees’ Retirement System has launched a request for proposals in which it opens the search for multi-sector and specialty lending bond managers  

Los Angeles pension to shortlist managers for private credit mandate
Los Angeles City Employees’ Retirement System (LACERS) is set to short-listed six firms as semi-finalists as part of a $670 million private credit mandate.  

Californian pension eyes commitment to THL direct lending fund
RVK, the general investment consultant of the Santa Barbara County Employees’ Retirement System (SBCERS), has recommended the $2.8 billion US pension fund commit up to $25 million to THL Credit Direct Lending Fund IV

San Francisco pension deploys $125 million into private credit
San Francisco City and County Employees' Retirement System has bolstered its private debt bucket, making a $125 million commitment to a senior debt fund and opportunistic credit fund that builds on other private debt investments since last year

New York pension fund allocates $150 million to special situations fund
The new investment will sit within the pension fund’s opportunistic alternatives bucket

New York pension ups commitment to HarbourVest by $400 million
New York State Teachers' Retirement System has topped up commitments to Maple Fund, having already approved $600 million in 2017

San Francisco pension plans to deploy $800 million to private credit in 2019
San Francisco Employee’s Retirement System will allocate $800 million to its private credit bucket in the coming year, to reach its 10% target allocation 

WhiteHorse forms $125 million middle-market JV with Ohio pension
The $79.8 billion Ohio pension fund has teamed up with WhiteHorse to form a joint venture that will have a $375 million total lending capacity

Californian pension to invest $500 million in private markets in 2019
San Bernardino County Employees Retirement Association plans to invest $500 million in private assets over 2019, according to a presentation by the pension fund’s investment consultant NEPC.  

BlueBay targets €5 billion for European direct lending strategy
BlueBay Asset Management is targeting €5 billion for its latest European direct lending strategy, according to documents seen by Creditflux, and has won $125 million in commitments from two US pension funds

Callan hires Cliffwater senior MD as head of alternatives
Callan, an institutional investment consultant, has appointed Pete Keliuotis as head of alternatives and executive vice president.  

Majority of investors seek to increase private credit allocations, BlackRock survey reveals
Over half of investors plan to increase their allocation to private credit in 2019, according to an institutional client rebalancing report published by BlackRock

San Francisco pension assigns $75 million to evergreen private credit fund
A New York-based direct lender has won a $75 million mandate from San Francisco Employees' Retirement System, who are looking to deploy  $4.5 billion and partner with up to 25 private debt managers over the next six years

New York pension fund allocates €250 million to European credit manager
A $207.4 billion pension fund has awarded the mandate to a multi-strategy credit fund managed by EQT Partners 

Minnesota pension slates $200 million to private credit after strong returns over Q3 2018
Minnesota State Board of Investments has awarded a $200 million commitment to two private credit managers

Iowa pension to commit $200 million to private credit in 2019 as it addresses shortfalls
Iowa Public Employees Retirement System (IPERS) plans to make $200 million in private credit commitments during 2019, according to documents seen by Creditflux, comprising of $100 million each to Monroe Capital and Tennenbaum Capital Partners

Texas pension awards $500 million to European direct lending managed account
This is the largest investment to credit that the $30 billion pension fund has made

Monroe launches $1.33 billion US direct lending fund
With leverage, Monroe Capital will have more than $2.5 billion of capital available for investments

Missouri pension plan seeks alternatives consultant
The $8.2 billion Missouri State Employees’ Retirement System (MOSERS) is seeking an alternative investment consultants

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

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