Arizona Public Safety Personnel Retirement System, Phoenix, disclosed two new commitments totaling $125 million.
The $17.1 billion pension fund committed $75 million to Sixth Street Growth Partners II, a mezzanine debt fund managed by Sixth Street Partners, and $50 million to Lubert-Adler Recovery and Enhancement Fund, an opportunistic real estate fund managed by Lubert-Adler Partners, said Christian Palmer, pension fund spokesman.
The commitments were completed between Oct. 20 and Nov. 4, the pension fund disclosed in Nov. 17 investment committee meeting materials.
As of Sept. 30, the pension fund's actual allocations to private credit and real estate were 9.6% and 6.5%, respectively.
