Imperial County Employees’ Retirement System, El Centro, Calif., increased its commitment to TSSP Diversified Credit Program to $20 million.
The $868 million pension fund’s board approved the increased commitment at its Nov. 20 meeting, recently released minutes show. ICERS originally committed $10 million to the program in September.
The diversified credit vehicle managed by TPG Sixth Street Partners, a strategic partner of alternative investments firm TPG, is an evergreen feeder fund that invests in TSSP's family of funds.
As of Sept. 30, the pension fund's actual allocation to private credit was 2.6%; the target is 5%.
Scott W. Jarvis, retirement administrator, could not be immediately reached to provide further information.
