Oklahoma Firefighters Pensions & Retirement System, Oklahoma City, committed $50 million to PIMCO BRAVO IV, an opportunistic private credit multistrategy fund managed by Pacific Investment Management Co., according to Troy Brown, executive director at AndCo Consulting, the pension fund's investment consultant.
The board of the $3.5 billion pension fund approved the commitment at a meeting March 19, Mr. Brown said in an email.
Oklahoma Firefighters previously committed $50 to PIMCO BRAVO III in March 2019.
As of Feb. 28, the pension fund's actual allocation to "other fixed," which is where the $50 million commitment will reside, was 5%. Its target is also 5%.