Searches and Hires

Oklahoma Firefighters allots $75 million to private credit fund

Oklahoma Firefighters Pension & Retirement System, Oklahoma City, committed $75 million to PIMCO Private Income Investment Fund, an evergreen private credit fund managed by Pacific Investment Management Co., said Troy Brown, executive director at AndCo Consulting, the pension fund's investment consultant, in an email.

The $2.7 billion pension fund previously committed $50 million to PIMCO's Bravo III, which invests in real estate-oriented securities globally, in 2017, and $50 million to PIMCO Corporate Opportunities Fund II, a distressed debt fund, in 2016.

The pension fund's target to other fixed income is 5%; the actual allocation is about 3%, Mr. Brown said.

AndCo assisted with the commitment.