Japan's Pension Fund Association for Local Government Officials, known locally as Chikyoren, selected Barings Japan to manage an overseas private debt mandate for the ¥23.1 trillion ($214.6 billion) pension fund.
The Sept. 20 announcement offered no details on the size of the mandate. A Chikyoren spokesman declined to comment.
The award to Barings Japan is Chikyoren's second private debt mandate this year, and its 19th alternatives allocation over the past three years. In May, the Tokyo-based fund announced it had hired Bluebay Asset Management International Ltd. to invest in overseas private debt.