Milford (Conn.) Pension and Retirement System approved new alternative fund commitments totaling $43 million.
The $372 million pension fund's board at its July 21 meeting approved commitments of $20 million and $3 million, respectively, to Greywolf Opportunities Offshore Fund II and Greywolf Containership Opportunities Offshore Fund II, both structured credit funds managed by Greywolf Capital Management, and $20 million to Silver Point Specialty Credit Fund III, a private credit fund managed by Silver Point Capital, said Tania Barnes, Milford human resources director, in an email.
As of June 30, the actual allocation to alternatives was 18.5%.
Investment consultant Beirne Wealth Consulting assisted.
