San Jose (Calif.) Police & Fire Department Retirement Plan disclosed $76 million in new private debt and private real assets commitments.
The $5.3 billion pension fund disclosed commitments of $28 million to Silver Point Specialty Credit Fund III, a direct lending fund managed by Silver Point Capital; $18 million each to royalties fund Primary Wave Music IP Fund 4 and energy fund Pelican Energy Partners Base Zero; and $12 million to Lime Rock New Energy II, a growth equity fund managed by Lime Rock Management that invests in energy companies with a positive environmental impact, in a private markets program update included with materials for its Dec. 10 investment committee meeting.
As of June 30, the pension fund’s actual allocation to private markets was 27.2%; the target is 27.5%.
