Arizona Public Safety Personnel Retirement System, Phoenix, made two new allocations totaling $150 million.
The $13.8 billion pension fund invested $100 million in Jana Strategic Investments Benchmark Fund, a hedge fund managed by JANA Partners; and committed $50 million to Shamrock Capital Debt Opportunities Fund I, a private credit fund managed by Shamrock Capital Advisors, spokesman Christian Palmer said in an email.
As of April 30, the pension fund's actual allocations to capital appreciation and private credit were 65.6% and 11.5%, respectively.