Ohio Police & Fire Pension Fund, Columbus, made two new commitments totaling up to $70 million, spokesman David Graham said in an email.
The $15.6 billion pension fund committed up to $50 million to GSO European Senior Debt Fund II, a direct lending fund managed by GSO Capital Partners. The pension fund previously committed up to $75 million to GSO European Senior Debt Fund in 2014.
The current allocation to private credit is 2%, Mr. Graham said. The target is 5%.
The pension fund also committed up to $20 million to Trident VIII, a buyout fund managed by Stone Point Capital. Previously, the pension fund committed up to $35 million to Trident VII in 2016.
The current allocation to private markets is 8%, which is also the target.