Louisiana Municipal Police Employees Retirement System, Baton Rouge, committed $25 million to CVI Credit Value Fund A V.
The $2.1 billion pension fund's board approved the commitment to the distressed/opportunistic debt fund managed by CarVal Investors at its meeting Wednesday, said Benjamin Huxen II, executive director and general counsel, in an email.
As of April 30, the pension fund's actual allocation to private equity was 3.7%; the target is 5%.
Investment consultant NEPC assisted.
