Arizona Public Safety Personnel Retirement System, Phoenix, announced new commitments and investments totaling up to $280 million, confirmed Jared Smout, deputy administrator.
The $7.7 billion pension fund committed up to $75 million to TPG Opportunities Partners III, a distressed debt fund managed by TPG Capital.
Also, the pension fund made direct hedge fund investments of up to $75 million in Alphadyne International Rates Fund, a global macro hedge fund managed by Alphadyne Asset Management, and up to $30 million in Iguazu Partners, an emerging markets long/short debt fund managed by Wellington Hedge Management.
The pension fund also committed up to $30 million in direct investments and $30 million in co-investments to Alcion Real Estate Partners Tax-Exempt Parallel Fund III managed by Alcion Ventures, and up to $20 million in direct investments and $20 million in co-investments to Trident VI, a private equity fund focused on financial services managed by Stone Point Capital.
