Bain plans $3 billion distressed fund with US pension fund eyeing commitment
Pennsylvania Public School Employees Retirement System (PSERS) is set to invest $200 million to Bain Capital Distressed and Special Situations 2019 (DSS 19) fund, according to documents seen by Creditflux.  

Ohio pension backs GSO's upcoming European direct lending fund
Ohio Police & Fire Pension Fund (OP&F) has approved a $50 million commitment to GSO European Debt Fund II

Minnesota State to earmark $100 million for private credit
Minnesota State Board of Investment is considering a $100 million commitment to LBC Credit Partners V, according to a quarterly updates document seen by Creditflux  

Illinois pension backs real estate funds
Illinois Municipal Retirement Fund has earmarked $150 million for commitments to Rockwood Capital Real Estate Partners XI and Blackstone Real Estate Debt Strategies IV.  

New investments drive Canada Pension Plan’s credit returns to 8.7%
Canada Pension Plan Investment Board (CPPIB)’s credit portfolio has delivered good returns during the 2019 fiscal year, despite the market volatility, according to the institution’s annual financial report  

Sacramento pension backs healthcare fund
Sacramento County Employees Retirement Scheme (SCERS) committed $35 million to OrbiMed Royalty & Credit Opportunities in April, according to a monthly report of new investment activity seen by Creditflux  

Connecticut pension eyes investment in Clearlake fund
The State of Connecticut Retirement Plans and Trust Fund is considering a $75 million commitment to Clearlake Opportunities Partners II  

Barings BDC forms $550 million JV with South Carolina pension
The new joint venture will invest in both liquid and illiquid credit

US pension to invest $75 million in private debt
Vermont pension investment committee (VPIC) has decided to commit $75 million in private debt, following a private credit strategic investment plan recommendation plan recommendation by its investment consultant NEPC.  

US pension looks to terminate managers within liquid credit portfolio
San Francisco Employees’ Retirement System is considering terminating Prima Capital Advisors' commercial real estate debt strategy and AFL-CIO Housing Investment Trust  

US pension backs Hong Kong-based credit fund manager
The San Francisco Employees’ Retirement System has approved a commitment of $200 million to Arkkan Opportunities Feeder Fund II

Louisiana pension allocates $150 million to US credit funds
The Teachers' Retirement System of Louisiana has committed to Torchlight Debt Opportunity Fund VI and Summit Partners Credit III, a spokesperson for the pension fund has confirmed  

US pension tenders emerging markets debt mandate
The City of Medford Retirement Board has launched a request for proposals (RFP), searching investment management firms, for a $8 million emerging markets debt blended currency mandate.  

Endowment funds eye allocations to private credit
Endowment funds are evaluating private credit funds in a bid to meet their 7% return hurdles, and Commonfund, based in Wilton in Connecticut, is leading the charge.

US pension fund to commit $1.1 billion in private credit by 2020
Investment consultant NEPC has recommended that Arizona Public Safety Personnel Retirement System (PSPRS) commit $550 million in private credit in both 2019 and 2020, according to a private credit review  

Texas pension scheme earmarks $45 million for private debt
San Antonio Fire and Police Pension Fund is set to commit $45 million in private debt in 2019, according to minutes from the March board of trustees meeting.  

Maryland pension carves out private debt bucket
The Baltimore pension fund has also mandated a total of $25 million to one direct lending fund and one distressed debt fund 

Texas pension awards $75 million to CLO fund
The new commitment will sit in its strategic credit opportunities bucket

Madison closes real estate debt fund above $1 billion target size
The New York-based manager now has over $4.5 billion of capital to deploy

Korean institution hunts for direct lending managers
Korea Post has launched a request for proposals in which it seeks out two managers to invest a total of $200 million into global direct lending loans  

Californian pension fund opens search for private markets consultant
Kern County Employees’ Retirement Association, the $4.2 billion pension fund, is searching for a non-discretionary private markets consultant to advise on private credit, private equity, and private real assets investments  

Chicago pension fund seeks fixed income managers
Policemen's Annuity and Benefit Fund of Chicago (PABF) has launched two requests for proposals (RFPs) searching managers for its core fixed income and core fixed income portfolios.  

Texas pension fund looks to top up credit portfolio
Texas County & District Retirement System (TCDRS) has decided to increase by 3% its target allocation to strategic credit  

New York pension fund hunts for private debt and equity consultant
New York State Teachers' Retirement System has launched a request for proposals in which it seeks non-discretionary private debt and private equity consulting services  

Searchlight nears first close for $2.75 billion special situations fund
Searchlight Capital Partners is expecting to hold a first close for Searchlight Capital III April, according to documents seen by Creditflux