Arizona Public Safety Personnel Retirement System, Phoenix, invested or committed total of $205 million.
The $10.5 billion pension fund committed $80 million to Crestline Opportunity Fund IV Onshore, a credit fund managed by Crestline Investors; invested $55 million in SIH Special Opportunities Fund, a credit hedge fund managed by Sabal Investment Advisors; committed $40 million to real estate fund Frogmore Real Estate Partners IV; committed $20 million to Upfront Growth III, a venture capital fund managed by Upfront Ventures; and committed $10 million to Greenspring Opportunities VI, a venture capital fund managed by Greenspring Associates, spokesman Christian Palmer said in an email.
The pension fund previously committed up to $75 million to Crestline Portfolio Financing Fund in 2018, $52 million to Frogmore Real Estate Partners III in 2015, invested up to $30 million in SIH Debt Opportunities Fund II in 2018 and has made previous commitments to Greenspring Associates.
Upfront Ventures is a new manager for the pension fund.
As of June 30, the actual allocations to credit opportunities, private equity and real estate were 18.6%, 15.4% and 9%, respectively.
