Arizona Public Safety Personnel Retirement System, Phoenix, disclosed two new commitments totaling $300 million.
The $21.8 billion pension fund in September committed $200 million to private credit fund Bain Capital Credit SRA and committed $100 million to Berkshire Fund XI, a buyout fund managed by Berkshire Partners, said spokesperson Christian Palmer.
As of June 30, the pension fund’s actual allocations to global private equity and private credit were 22.9% and 14.3%, respectively; their respective targets are 27% and 20%.