Fort Lauderdale (Fla.) Police & Firefighters' Retirement System committed $35 million to Churchill Capital Partners V.
The $1.1 billion pension fund's board approved the commitment to the private credit fund at its Oct. 11 meeting, recently released meeting minutes show.
It is the pension fund's first commitment to a Churchill fund.
As of Sept. 30, the pension fund's actual allocation to special investments was 14.6%; the target is 19.5%.
Investment consultant CAPTRUST Financial Advisors assisted.