San Antonio Fire & Police Pension Fund approved two new private credit commitments totaling $50 million.
The $4 billion pension fund’s board approved commitments of $25 million each to MCP Private Capital Fund V, managed by Metric Capital Partners, and VGO Special Situations Fund III, managed by VGO Capital Partners, at its Aug. 27 meeting, recently released meeting minutes showed.
Both are new managers for the pension fund.
The pension fund’s target allocation to private debt is 9%.
Investment consultant NEPC assisted.
