Denver Employees Retirement Plan committed a total of $124 million to three alternatives managers, said Randy Baum, chief investment officer.
The $2.1 billion pension fund committed $46 million to Athyrium Opportunities Fund II, a health-care focused credit fund managed by Athyrium Capital Management, and $38 million to GSO Credit Alpha Fund, managed by GSO Capital Partners. These are first-time commitments to both managers.
The allocations will fit into the pension fund’s private debt portfolio, which has a 6.5% target allocation.
The pension fund also committed $40 million to Adams Street Partners 2015 Global Fund, a fund of funds. The pension fund previously committed to other Adams Street Partners funds.
The pension fund has a 7% target allocation to private equity.