Candian pension allocates $250 million to dislocation credit fund
Investment Management Corporation of Ontario (Imco) has allocated $250 million to a dislocation credit fund managed by Apollo Global Management

Minnesota pension's 2020 credit allocations hit $1 billion
Minnesota State Board of Investments has earmarked $400 million across to two credit managers in a private market update. The commitments mark $1 billion allocated to credit in 2020 by the pension

US pension forms $100 million talf sub-committee as 'window of opportunities closing quickly'
Fresno County Employees Retirement System has formed an ad hoc committee authorised to commit up to $100 million to a term asset-backed securities loan facility strategy, according to an audio recording from its 5 May board meeting

US pension's joint venture with Barings set to produce first CLO
Jocassee Partners, a joint venture established between Barings' business development company and South Carolina Retirement Systems, is marketing a CLO

Magnetar wins $400 million for illiquid credit mandate
Los Angeles County Employees Retirement Association has allocated $400 million to Illinois-based Magnetar Financial at its 13 May board of investment meeting, according to recently released minutes

Louisiana pension commits $150 million to mezzanine and credit opportunities funds
Teachers Retirement System of Louisiana has awarded $150 million to two credit funds managed by Ares Management and Audax Group at its 7 May board meeting, a spokesperson for the pension has confirmed

Private credit wins investor as Maryland pension introduces 5% allocation
Howard County Retirement has introduced a new bucket to the private credit asset class, reducing its core bond and hedge fund exposure to facilitate this measure, according to board documents seen by Creditflux

Illinois pension seeks distressed debt or opportunistic credit manager
Illinois Municipal Retirement Fund is requesting proposals for opportunistic and distressed private credit fund managers and has at least $25 million to allocate

Two managers beat 70 for £900 million emerging market bond mandate
LGPS Central has selected two external managers for its £900 million Global Active Emerging Market Bond Fund

US manager wins $250 million for talf managed account
Massachusetts Retirement Board has earmarked $250 million to a term asset backed facility managed account, according to documents seen by Creditflux

Four US pensions eye talf fund allocations
Four US pension funds are seeking proposals from investment managers to oversee term asset backed loan facility programmes, according to documents seen by Creditflux

University of Kentucky awards $40 million to two fixed income managers
University of Kentucky awarded $40 million to two fixed income managers at its 6 April board meeting

Looming CLO downgrades will not force insurers to sell despite seven-point trading basis
Insurance companies are unlikely to be big sellers of CLO paper, despite the threat of mass downgrades as rating agencies last month put over 1,000 global CLO tranches on negative watch

Private credit dangers lurk, but fear drives inflows
Fear of missing out is one reason institutional investors are allocating to private credit, but market partici­pants say that investors should err on the side of caution, despite the number of attractive opportunities

New Hampshire pension invests $50 million in US direct lending
​New Hampshire Retirement System has allocated $50 million to a US direct lending manage with which it has a relationship, having committed $40 million and $50 million to predecessor funds

Florida pension allocates $600 million to three credit managers
Florida State Board of Administration has awarded $600 million to three credit managers in the first quarter, according to a board update seen by Creditflux

Angelo Gordon wins third opportunistic credit mandate with US pension
The familiar tale of investors favouring existing relationships shows as Angelo Gordon recieved $25 million for an opportunistic credit fund from a pension with two existing commitments to the New York-based manager

US pension approves four-year private credit plan as direct lenders report performance
Santa Barbara County Employees has approved a private credit pacing plan from investment consultant RVK to maintain a commitment schedule of $40 million per year to the asset class until 2024 to achieve its target allocation and diversification

Boston pension seeks distressed debt manager
Boston Retirement System is reissuing its private debt manager search and soliciting proposals from firms to manage a distressed debt mandate 

New Mexico pension allocates $235 million to credit
New Mexico Educational Retirement Board has allocated $235 million to three credit managers, a spokesperson for the pension has confirmed

US pension gains 6.5% in three days after putting $350 million into credit
Marathon, Waterfall, ArrowMark and Columbia were allocated $350 million from a US pension for structured credit, Talf and high yield mandates

Virginia pension allocates $850 million to credit in Q1
Virginia Retirement System has allocated $850 million to three credit strategies in the first quarter of the year, according to an update at its 15 April investment committee meeting

Texas pension allocates $100 million to Apollo credit hedge fund
Employees’ Retirement System of Texas has allocated $100 million to open-ended long-short credit fund, according to its March update 

Vermont pension expands private credit and core bonds allocation
Vermont Pension Investment Committee has reshuffled its credit portfolio including transitioning its short-term, quality credit allocation to an active core bonds mandate, as well as redeploying core plus fixed income into an expanded private credit allocation.

US pension delays restructuring fixed income portfolio over coronavirus concerns
Fresno County Employees’ Retirement Association has delayed plans to restructure its fixed income portfolio due to coronavirus concerns, according to board documentation