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.  

Pimco targets securitisation-friendly assets for $1 billion fund
Pimco is winning US pension fund support for a strategy geared towards purchasing what it describes as private credit assets “that have historically been securitised”

Oklahoma pension backs Pimco's evergreen credit fund
Oklahoma Firefighters Pension & Retirement System has decided to commit $75 million to Pimco Private Income Investment Strategy, according to minutes from the US pension fund’s board meeting in January.  

Los Angeles pension seeks high yield managers
Los Angeles City Employees’ Retirement System has launched a request for proposals, searching for firms to manage up to $216 million each in a mix of high yield strategies, through separately managed accounts  

Minnesota pension set to back Varde Partners Fund XIII
Minnesota State Board of Investment is considering a $150m commitment to Varde Partners Fund XIII, according to a February Investment Advisory Council (IAC) meeting report  

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

US pension seek real estate debt managers
The State Universities Retirement System (SURS) has launched a real assets investment search, seeking private core, private core plus, and private non-core real estate managers, on both debt and equity  

UK pension looks to take investment grade strategy global
UK pension fund National Employment Savings Trust (Nest) has issued a search for a global investment grade corporate bond manager

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

Washington pension fund set to back TSSP strategy
Washington State Investment Board (WSIB), the $132.2 billion public pension fund, considers committing to TSSP Capital Solutions (TCS), according to documents seen by Creditflux.  

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

LA pension fund seeks emerging manager for fixed income strategy
The Los Angeles County Employees Retirement Association (Lacera) has launched a request for proposal in which it seeks out a fixed income emerging manager specialising in liquid strategies, such as core and core plus strategies  

Florida pension fund backs Atalaya distressed strategy
Florida State Board of Administration (SBA) has committed $100m to Atalaya Special Opportunities Fund VII, as part of the Florida Retirement System’s portfolio.  

Virginia pension fund commits to Asian private credit
Virginia Retirement System (VRS) approved a $150 million commitment to the SSG Capital Partners V fund at a January board trustees meeting, a spokesperson has confirmed.  

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

Global Atlantic hires deputy CIO
Global Atlantic Financial Group has appointed Anup Agarwal as Deputy Chief Investment Officer.  

New York pension funds seek investment grade credit exposure
The comptroller of the City of New York is searching for investment managers, responsible for creating and managing investment grade credit, or investment grade corporate fixed income portfolios.  

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

Ohio pension fund assigns $50 million to distressed debt
Ohio School Employees Retirement System has awarded $50 million to a distressed debt fund managed by GoldenTree Asset Management