Rhode Island State Investment Commission, Providence, committed $50 million to Davidson Kempner Long-Term Distressed Opportunities Fund IV on behalf of the $8 billion Rhode Island Employees' Retirement System, said Evan England, spokesman for state Treasurer Seth Magaziner, in an email.
The distressed debt fund is managed by Davidson Kempner Capital Management. Davidson Kempner currently manages $80 million in the pension fund's absolute-return portfolio.
The pension fund has a 1.5% private credit target.
