Oklahoma Firefighters Pensions & Retirement System, Oklahoma City, committed $40 million to Comvest Credit Partners VI, according to Troy Brown, executive director at AndCo Consulting, the $3.1 billion pension fund's investment consultant.
The commitment to the direct lending fund managed by Comvest Partners was approved at a board meeting Sept. 16 and represents the retirement system's first commitment to the asset manager, Mr. Brown said in an email.
As of Sept. 30, the pension fund's actual allocation to other fixed income, which includes direct lending, was 6.4%. Its target allocation is 5%.
