Jacksonville (Fla.) Police & Fire Pension Fund committed $30 million to Kennedy Lewis Capital Partners Master Fund III.
The $2.7 billion pension fund's board approved the commitment to the opportunistic credit fund managed by Kennedy Lewis Investment Management at its Dec. 22 meeting, said Timothy H. Johnson, executive director, in an email.
It is the pension fund's first commitment to a Kennedy Lewis fund.
The pension fund has a target allocation of 8% to private credit.
Investment consultant RVK assisted.