Oklahoma Teachers' Retirement System, Oklahoma City, committed $100 million to PIMCO Corporate Opportunities Fund II, said Tom Spencer, executive director, in an e-mail.
The fund will invest in distressed and opportunistic debt of public and private companies, and is managed by Pacific Investment Management Co.
The $13.6 billion pension fund previously committed $350 million total to four other PIMCO funds.
The commitment will fall in the “opportunistic assets” sleeve of the pension fund’s “non-core assets” portfolio. The non-core assets portfolio has a 25% target.