San Antonio Fire & Police Pension Fund committed $25 million to Beach Point Capital Opportunities Fund V.
The $3.4 billion pension fund's board approved the commitment to the distressed debt fund managed by Beach Point Capital Management at its Feb. 28 meeting, recently released meeting minutes show.
The pension fund previously committed $30 million to prior fund BCP Opportunities Fund IV in 2020.
As of Dec. 31, 2021, the pension fund's actual allocation to private debt was 6.9%, the most recent data available.
Cary Hally, chief investment officer, could not be immediately reached for further information.