Arizona Public Safety Personnel Retirement System, Phoenix, disclosed commitments and investments of up to $325 million directly and up to $135 million in co-investments, spokesman Christian Palmer said in an email.
The $9.8 billion pension fund committed up to $75 million directly and up to $30 million for co-investments to TSSP Opportunities Partners IV, a fund investing in corporate distressed and other situations managed by TPG. The pension fund committed up to $75 million to TPG Opportunities Partners III in 2014.
The pension fund will also invest up to $60 million directly and up to $30 million for co-investments in SIH Debt Opportunities Fund II, a credit hedge fund managed by Sabal Investment Advisors. The pension fund invested up to $50 million directly and up to $25 million in co-investments to Sabal Debt Opportunities Fund in 2017.
Also, the pension fund will commit up to $60 million directly and up to $15 million for co-investments to Taiga Special Opportunities Fund, a credit fund managed by Orchard Global Asset Management. Is is the pension fund's first commitment to Orchard Global.
The pension fund also committed up to $50 million directly and up to $20 million for co-investments to venture capital fund Vivo Capital Fund IX. The pension fund previously committed up to $40 million in direct investments and up to $20 million in co-investments to Vivo Capital Fund VIII.
Also, the pension fund committed up to $40 million directly and up to $20 million for co-investments to BPEA Real Estate Fund II, managed by Baring Private Equity Asia. The pension fund previously committed up to $30 million in direct investments and up to $20 million in co-investments to BPE Asia Real Estate Fund in 2015.
The pension fund also committed up to $40 million directly and up to $20 million for co-investments to LittleJohn Fund VI, a middle-market buyout fund managed by LittleJohn & Co. The pension fund previously committed up to $25 million directly and up to $15 million for co-investments to LittleJohn Fund V in 2014.
As of June 30, the actual allocations to credit opportunities, private equity and real estate were 15.9%, 13.4% and 8.6%, respectively.
