Arizona Public Safety Personnel Retirement System, Phoenix, closed three commitments totaling $285 million in September, said spokesman Christian Palmer in an email.
The $16.7 billion pension fund closed new commitments of $150 million to Athyrium Opportunities Fund IV, a health-care-focused credit fund managed by Athyrium Capital Management; $80 million to LSV Special Opportunities Fund VI, a private credit fund managed by LSV Advisors.
The pension fund also closed on a follow-on commitment of $55 million to Orion Mine Finance Fund III, a private equity fund that looks to finance the construction of later-stage mine projects through a combination of debt, equity and production-linked investments, managed by Orion Resource Partners.
PSPRS originally committed $50 million directly and $30 million for co-investments to Orion Mine Finance Fund III in 2019.
As of July 31, the pension fund's actual allocations to global private equity and private credit were 23.1% and 9.3%, respectively.