Oklahoma Firefighters picks 2 for first private debt commitments

Oklahoma Firefighters Pension and Retirement System, Oklahoma City, committed $40 million each to private debt funds managed by Garrison Investment Group and Medley Private Debt Group, confirmed Robert Jones, executive director.

It is the $1.9 billion pension plan's first commitments to private debt. The Medley fund is the Medley Opportunity Fund II; Mr. Jones could not provide the name of the Garrison fund. The funds will invest in middle-market direct loans, Mr. Jones said in a telephone interview.

Investment consultant the Bogdahn Group conducted the shortlist search.