Missouri Local Government Employees Retirement System, Jefferson City, committed $65 million to Star Mountain Strategic Credit Income Fund IV.
The $10.7 billion pension fund disclosed the commitment to the direct lending fund managed by Star Mountain Capital at its June 17 meeting, spokeswoman Elizabeth Althoff said in an email.
It is a new manager for the pension fund, Ms. Althoff said.
As of March 31, the pension fund's actual allocation to private fixed income was 6.4%.
