Arizona Public Safety Personnel Retirement System, Phoenix, made a commitment to Arbour Lane Credit Opportunity Fund II.
The $10.9 billion pension fund closed the commitment to the private credit fund managed by Arbour Lane Capital Management on March 31, according to materials for PSPRS' upcoming Wednesday board meeting.
The amount of the commitment was not immediately available.
As of Feb. 29, the actual allocation to private credit was 12.6%.
Spokesman Christian Palmer could not be immediately reached for further information.