Wayne County Employees' Retirement System, Detroit, committed $15 million to Crescent Direct Lending Levered Fund III.
The $1.1 billion pension fund's board approved the commitment to the direct lending fund managed by Crescent Capital Group at its April 26 meeting, recently released meeting minutes show.
The pension fund previously committed $20 million to Crescent Direct Lending Levered Fund in 2014.
Investment consultant AndCo Consulting assisted.
Robert J. Grden, executive director, could not be immediately reached for further information.