Arizona Public Safety Personnel Retirement System, Phoenix, committed up to $75 million to Brevet Direct Lending - Intermediate Duration Fund, managed by Brevet Capital Management, said Christian Palmer, pension fund spokesman, in an email.
The $9.3 billion pension fund's commitment falls within its private credit asset class. As of May 31, the actual allocation of private credit was 12.3%; the target is 15%.
It is the pension fund's first commitment to a Brevet Capital Management fund.
