Oklahoma Police Pension & Retirement System, Oklahoma City, approved a total of $22.5 million in private equity commitments, said Steven Snyder, executive director and chief investment officer.
The $2.2 billion pension fund committed $7.5 million each to the following funds:
- Oaktree Opportunities Fund X, a distressed debt fund managed by Oaktree Capital Management. The pension fund has committed more than $35 million to Oaktree’s predecessor funds.
- EnCap Energy Capital Fund X, an oil and gas fund managed by EnCap Investments. The pension fund previously committed $6.5 million to predecessor fund EnCap Energy Capital Fund IX.
- ArcLight Energy Partners Fund VI, an energy infrastructure fund that targets North American midstream and power assets and is managed by ArcLight Capital Partners.
The pension fund has a 10% target allocation to private equity.