Arizona Public Safety Personnel Retirement System, Phoenix, disclosed a commitment to Oberland Capital Healthcare III.
The $18.2 billion pension fund completed the commitment to the health-care-oriented private credit fund managed by Oberland Capital Management on Oct. 7, according to materials for its Thursday board meeting.
The materials did not provide a commitment amount, and there is no record of the pension fund making any prior commitments to the manager.
As of Aug. 31, the pension fund's actual allocation to private credit was 11.4%; the target is 20%.
PSPRS spokesman Christian Palmer did not reply to requests for further information.
