San Jose (Calif.) Federated City Employees Retirement System committed $9 million to Octagon CLO Opportunity Fund IV, said Ron Kumar, investment operations supervisor, in an email.
The $2.7 billion pension fund's commitment to the private credit fund managed by Octagon Credit Investors was disclosed in a private markets report from investment consultant Meketa Investment Group included with materials for its upcoming Sept. 15 board meeting.
In 2018, the pension fund committed $25 million to Octagon CLO Opportunity Fund III.
As of June 30, the pension fund's actual allocation to private markets was 21.4%; the target is 21%.
