New York pension gets behind CLO manager's risk retention vehicle
The New York State Common Retirement Fund invested $450m in two credit funds in July, documents seen by Creditflux reveal

Arizona retirement trust ups its private debt allocation by $75 million
The Arizona Public Safety Personnel Retirement System (PSPRS) is set to up its private debt allocation, committing up to $75 million to a New York-based manager.

Institutional investors - does Europe still provide the best opportunities in credit?
Cash or synthetics, CLOs versus CMBS, senior or junior debt? Institutional investors have a variety of ways to approach credit investing and Creditflux's biannual survey of credit allocators aims to determine which market they view as offering compelling returns

New Ares strategy points to euro direct lending SMA with US pension fund
Ares Management has registered a vehicle known as Ares European Credit Strategies VII, in what is believed to be a separately managed account geared towards direct lending

US pension fund agrees $200 million investment in new GSO distressed fund
GSO Capital Partners has got off to a strong start as it markets a new distressed debt fund. There are signs that the multi-billion offering is being sold in South Korea

Insurers go direct for retention
Three insurers have supported their CLO-managing affiliate by investing in the equity of a recent deal  

New York credit manager passes the audition for Hollywood pension mandate
And the award for the Hollywood penson fund's fixed income mandate goes to…

CDPQ joins the private credit rush with senior hire in New York
O Canada - you're quickly becoming home of the private credit market. We list the key people flows over the last two years as pension funds in North America become ingrained in private credit

Credit manager wins $200 million mandate from Texas pension fund
A west coast asset manager will be responsible for a separate account which will invest opportunistically across the credit market

Ohio pension fund hires restaurant-focused direct lender
Ohio-based pension fund adopts a new private credit allocation after hiring its sixth private credit manager

Pension fund signs up to majority CLO equity strategy
A control CLO equity investor has pulled in $100 million of capital from a US pension fund

Michigan pension goes back for more of manager's direct lending fund
The State of Michigan Retirement Systems made a secondary purchase of a US direct lending fund

US pension fund turns to mid-market credit to diversify in fixed income
The Westfield Retirement System  is looking for a mid market manager to oversee a new $10 million fixed income strategy

West coast pension fund tweaks its fixed income portfolio balance
A US pension fund is cutting down on fixed income in favour of an increased allocation to real assets

Arizona pension fund eyes $50 million investment in upcoming debt fund
A US pension fund is considering a $50 million allocation to a mortgage lending fund which is slated to reach $150 million

Mid-west pension fund approves credit allocations to KKR and Avenue
A mid-west pension fund has upped its allocation to KKR’s latest direct lending strategy

Texas pension fund stocks up on direct lending with $675 million allocation
A US pension fund is clearly a big fan of direct lending strategies having hired two managers. It has now committed $1.2 billion to direct lenders this year

US pension grants $200 million to private credit
A west coast pension fund plans to increase more than five-fold its exposure to US direct lending

US pension fund’s private credit search leads it to Alcentra
The pension fund for a major US city has chosen to invest in a fund managed by Alcentra after carrying out its first search for a private credit manager

Columbus-based pension fund supports upcoming LBC credit offering
A US pension scheme has agreed to invest in a fund, which is targeting 15% returns

West coast pension fund boosts its allocation to Halcyon’s credit business
A major west coast pension allocator to credit has moved to increase its allocation to Halcyon Capital Management after separate account generated 35% return in 2016

$36 billion pension fund raises its target allocation to private debt
A large US public pension fund has recently agreed to increase its target allocation to private debt

Texas mid-market lender pulls in $180 million for second fund
A Houston-based mid-market specialist has raised just under $180 million in the first close of its second private equity-style fund, according to regulatory filings

West coast pension plans $300 million Carlyle mid-market allocation
Pension fund puts money into commingled fund and separate account with Carlyle Group