San Jose (Calif.) Police and Fire Department Retirement Plan disclosed two new commitments totaling $39 million.
The $5.2 billion pension fund committed $21 million to Silver Point Distressed Opportunity Institutional Partners II, a private credit fund, and $18 million to Hull Street Energy Partners III, a closed-end real assets fund that invests in the middle-market power sector, according to manager update included with Aug. 20 board meeting materials.
The pension fund previously committed $9 million to Hull Street Energy Partners II in 2022. Silver Point is a new manager for the pension fund.
As of June 30, the pension fund’s actual allocation to private markets was 27.2%; the target is 27.5%.
