Arizona Public Safety Personnel Retirement System, Phoenix, disclosed two new commitments totaling $450 million.
The $23.1 billion pension fund committed $250 million to private credit fund TPG Angelo Gordon Asset Based Credit Evergreen Fund and $200 million to Trident X, a buyout fund managed by Stone Point Capital, spokesman Christian Palmer said.
The commitments were completed between Nov. 15 and Dec. 20.
As of June 30, the pension fund’s actual allocations to global private equity and private credit were 22.3% and 14.4%, respectively; their respective targets are 24% and 20%.
