Knoxville (Tenn.) City Employees' Pension System committed $10 million to AG Direct Lending IV Annex.
The $644 million pension fund's board approved the commitment to the direct lending fund managed by Angelo Gordon & Co. at its Sept. 14 meeting, recently released meeting minutes show.
It is the pension fund's first disclosed private credit commitment. Executive director Kristi Paczkowski could not be immediately reached for further information on the asset class.
Investment consultant Marquette Associates assisted.