Arizona Public Safety Personnel Retirement System, Phoenix, made a new commitment and new direct hedge fund investment totaling $125 million.
The $14.1 billion pension fund committed $100 million to Stellus Credit Funds Investor A, a direct lending fund managed by Stellus Capital Management, and invested $25 million in hedge fund Honeycomb Ventures VI, confirmed spokesman Christian Palmer in an email.
As of June 30, the actual allocations to private credit and diversifying strategies were 11.6% and 11.5%, respectively.
