Milwaukee County Employees' Retirement System made two new private credit commitments totaling $70 million.
The $1.9 billion pension fund's board at its Nov. 17 meeting approved commitments of $35 million each to AB Private Credit Investors Middle Market Direct Lending Fund II, managed by AllianceBernstein, and Owl Rock Diversified Lending 2020 Fund, managed by Owl Rock Capital Partners, said Erika Bronikowski, director, retirement plan services.
The pension fund issued an RFP in June. According to the system's most recent available investment report, the pension fund did not have an allocation to private credit as of June 30.
Investment consultant Marquette Associates assisted.
Ms. Bronikowski could not be immediately reached for further information.