Oklahoma Police Pension & Retirement System, Oklahoma City, committed $60 million to two distressed debt funds, Executive Director Ginger Sigler said in an email.
The $2.4 billion pension fund's board approved the allocations at its Wednesday meeting.
The fund committed $30 million to CarVal Credit Value Fund V, managed by CarVal Investors. It is a first-time allocation to CarVal, Ms. Sigler said in the email. The fund also committed $30 million to Oaktree Opportunities Fund XI, managed by Oaktree Capital Group. It follows investments in other Oaktree funds, she said.
As of March 31, the pension fund's actual allocation to multisector fixed income was 10.54%.
Investment consultant Asset Consulting Group assisted.
