Arizona Public Safety Personnel Retirement System, Phoenix, committed $75 million to KKR Revolving Credit Partners II, a direct lending fund managed by KKR & Co., said Christian Palmer, pension fund spokesman, in an email.
The $9.3 billion pension fund previously committed $40 million directly and up to $20 million for co-investments to KKR Asian Fund III, a buyout fund, in April.
As of June 30, the pension fund's actual allocation to credit opportunities was 12.66%.
