San Antonio Fire & Police Pension Fund committed a total of $30 million to two private debt funds.
The $2.8 billion pension fund committed $15 million each to CapitalSpring Investment Partners V and Bloomfield Capital Income Fund III.
A search for private debt managers was launched earlier this year. The pension fund does not issue RFPs.
The other finalist was Calmwater Capital.
Matthew O'Reilly, chief investment officer, could not immediately be reached for additional information.