San Jose (Calif.) Federated City Employees Retirement System committed $8 million to HPS Special Situations Opportunity Fund.
The $2.5 billion pension fund's commitment to the distressed debt fund managed by HPS Investment Partners was disclosed in a memo included with Dec. 17 board meeting materials.
As of Sept. 30, the actual allocation to private markets was 21.4%; the target is 21%.
Ron Kumar, investment operations supervisor, could not be immediately reached for further information.
