Arizona Public Safety Personnel Retirement System, Phoenix, made new private equity and credit opportunities commitments worth a total of up to $90 million, confirmed James Hacking, administrator for the $6.6 billion pension system.
The system committed up to $50 million to Denham Commodity Partners Fund VI, a private equity fund. It is a new relationship for the system, Mr. Hacking said in a telephone interview.
The system also committed up to $40 million to credit opportunities fund Centerbridge Special Credit Partners II. The pension system previously committed up to $40 million to Centerbridge Special Credit Partners in June 2009.