San Jose (Calif.) Police & Fire Department Retirement Plan committed $16 million to AG Credit Solutions Fund II, said Ron Kumar, investment operations supervisor.
The $5 billion pension fund's commitment to the opportunistic credit fund managed by Angelo, Gordon & Co. was first disclosed in a private markets report from investment consultant Meketa Investment Group included with materials for its March 3 board meeting.
As of Dec. 31, the pension fund's actual allocation to private markets was 18.8%.
