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

Hyundai allocates $250 million to US real estate debt
Hyundai Investments has mandated $250 million to a real estate debt fund co-managed by Related Cos and HPS Investment Partners

US regulation drives insurance money towards credit ETFs
Institutional investors are increasingly allocating to credit exchange-traded funds (ETFs), but their motivations are changing. These vehicles are famed for their liquidity, but several investors are said to be pouring money into them for the long term amid regulatory changes which have made ETF investments more favourable

New Zealand Superannuation Fund hires CIO
New Zealand Superannuation Fund (NZSF) has appointed Stephen Gilmore to serve as chief investment officer  

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

Plymouth County pension fund seeks high yield managers
Plymouth County Retirement Association has launched a request for proposal and is searching for managers to oversee a $35 million high yield fixed income portfolio.

Chicago pension fund hires three firms for hedged credit portfolio
Laborers’ and Retirement Board Employees’ Annuity and Benefit Fund of Chicago (LABF) has awarded $60 million across three firms for investments in hedged credit.  

Milwaukee pension fund seeks emerging market debt managers
The Employees’ Retirement System (ERS) of Milwaukee Country has launched a request for proposal (RFP) seeking investment firms to manage a $52 million long-only emerging markets debt portfolio.  

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

US pension fund seeks HY and IG managers - but not CLOs
Woburn Retirement System, a $153 million US defined benefit plan, has launched requests for proposals seeking investment managers for its US investment grade and high yield investments.  

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

Texas pension fund commits €75 million to European distressed debt
A $30.01 billion pension fund has awarded €75 million to a European distressed debt fund managed by AnaCap Financial Partners

US pension backs Summit credit fund
Ann Arbor City Employees' Retirement System, the $517.5 million US pension fund, has approved a $9 million investment with Summit Partners Credit Fund III, according to board documents seen by Creditflux.  

Los Angeles pension backs Lone Star fund
Los Angeles Fire and Police Pension System has approved a commitment of up to $40 million to Lone Star Fund XI, according to a monthly report  

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

Wealth manager forms CLO partnership with Eagle Point
Alexandria Capital has formed a strategic partnership with CLO equity investor Eagle Point Credit Management

Los Angeles pension fund plans $3.7 billion allocation to credit
Los Angeles City Employees' Retirement System, the $17 billion pension fund, is allocating to credit in 2019 - it's looking to put $2.44 billion to work in core-fixed income, $800 million into emerging markets debt, $235 million into high yield and a similar amount into a bond/loan hybrid fund

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

Dai-ichi anchors global infrastructure debt fund with $176 million
Asset Management One Alternative Investments has joined together with Dai-ichi Life Insurance to launch a new global infrastructure debt fund

Orange County pension fund commits to Monroe direct lending strategy
Orange County Employees Retirement System (OCERS), has committed $75 million to Monroe Capital Private Credit Fund III, but it's also reducing its overall allocation to credit    

US pension commits $100 million to Apollo's hybrid private credit/private equity fund
Pennsylvania State Employees’ Retirement System has mandated $100 million to a multi-strategy fund managed by New York-based Apollo Global Management

New Mexico pension fund supplies $100 million to private energy credit
A new energy credit fund will primarily underwrite direct loans to small and middle market conventional energy companies

Iowa pension plan seeks high yield manager
Iowa Public Employees Retirement System (IPERS), a $30 billion public pension fund, is searching for one or more firms to manage its high yield portfolio    

TSSP launches capital solutions fund
TPG Sixth Street Partners (TSSP), the credit platform of private equity giant TPG, has launched a fund to target late stage growth companies