Dallas-Fort Worth International Airport Board approved a commitment of $10 million to Monroe Capital Private Credit Fund V for its $943 million pension fund.
The airport's board approved the commitment to the private credit fund at its Dec. 7 meeting, spokesman Brian Brooks said.
The board previously committed $10 million to Monroe Capital Private Credit Fund IV.
As of Dec. 31, 2022, the most recent data available, the pension fund's actual allocation to non-core fixed income was 13.8%; the target is 15%.
Investment consultant AndCo Consulting assisted.
