Philadelphia Board of Pensions and Retirement committed $50 million to Levine Leichtman Capital Partners V, a structured equity fund, confirmed Francis X. Bielli, executive director.
The $4.6 billion pension fund previously committed to Funds III and IV.
The pension fund also committed $30 million to 400 Capital Credit Opportunities Fund, a structured credit fund managed by 400 Capital Management.
Alternatives investment consultant Franklin Park Associates assisted.
