Three CLO investors win mandates from US insurer
New York State Insurance Fund has selected 11 credit managers to invest around $1 billion across corporate loans, high yield bonds and CLO tranches, according to documentation seen by Creditflux. Three  of these mandates are geared towards CLOs 

US pension to cut long-term private markets pacing plan by 10%
The Educational Employees' Supplemental Retirement System of Fairfax County is considering reducing its 10-year private markets pacing plan commitments by around 10%, according to board documentation seen by Creditflux

Ohio pension injects $175 million into credit via JP Morgan and HPS
The School Employees Retirement System of Ohio has made a $175 million commitment to two strategies; high yield and direct lending

Baltimore pension seeks new private credit managers
Fire and Police Employees’ Retirement System of the City of Baltimore is looking to invest $40 million to private credit with new managers, according to documents seen by Creditflux

Bethlehem pension looks to add direct lender to its stable
The City of Bethlehem Aggregated Pension Plan is looking for managers to oversee a middle market private debt allocation, according to a recently launched request for proposals

Brigade collects $100 million for 'senior tranche' SMA
Brigade Capital Management has won a $100 million mandate from Texas County & District Retirement System for a structured credit fund geared towards senior tranches

Points up front: Credit picking follows on from investor picking
Credit picking skills will be important this year amid heightened idiosyncratic risk, so everyone seems to say. But Ares Management, one of the biggest names in direct lending, has demonstrated that asset managers can also be picky with the mandates they take on, when the firm walked away from a private debt mandate with London CIV in January.

EIF backs Italian private debt fund
Finint Investment anticipates €150 million final close for its third Italian private debt fund in June, after receiving the backing of the European Investment Fund

Weak loan collateral will dent private credit returns, says Finnish pension
Valtion Elakerahasto, the state pension fund of Finland, says non-existing or weaker loan collateral has raised concerns about the returns private credit funds will generate in the coming years  

Rhode Island to step up private and 'opportunistic' credit investments
Rhode Island State Investment Commission, which manages the Employees’ Retirement System of Rhode Island, plans to increase its allocation to private credit and what it terms opportunisitic credit, according to investment consultant Cliffwater

Massachusetts pension commits $200 million to structured and corporate credit
Massachusetts Pension Reserves Investment Trust has approved commitments with CKC Credit Opportunity and LMCG Serenitas  

Rhode Island pension moves into EM debt
Investment consultant NEPC has recommended Wellington Management for emerging debt strategies to Employees' Retirement System of Rhode Island (SIC), following the pension fund’s recent decision to approve a 2% allocation to the asset class  

US pension picks Aberdeen Standard for EM debt mandate
Quincy Retirement Board has appointed Aberdeen Standard Investments for a $6 million emerging market debt mandate

Ohio pension makes commitment to private credit
School Employees Retirement System of Ohio is set to introduce a 5% private credit allocation to its portfolio  

US pension looks to put $60 million in private debt as older funds wind down
Boston Retirement System considers committing an additional $60 million to its private debt programme in 2020, following a recommendation by its investment consultant NEPC,  

Calpers backs proposal exempting private debt disclosure
Calpers, the largest US pension fund, is looking to sponsor a proposal exempting California pension funds from disclosing private debt information under the California Public Records Act

Sacramento pension earmarks $150 million for private credit in 2020
The pension fund expects to commit to two direct lending funds and one credit fund it describes as 'opportunistic'

Alaska pension commits $207 million to credit
Alaska Permanent Fund Corporation (APFC) committed $207 million to credit funds and co-investments over the last quarter of 2019  

San Francisco pension earmarks $200 million for mortgage fund
San Francisco City and County Employees’ Retirement System (SFERS) has committed $200 million to a credit fund managed by Cerberus Capital Management  

US pensions seek EM debt managers
Two Massachusetts based pension schemes have launched request for proposals (RFP) seeking to allocate approximately $29 million to emerging market debt managers.  

Loomis Sayles loses out as US pension shifts to higher-quality credit
Dallas Police and Fire Pension System is liquidating a loan portfolio managed by Loomis Sayles, as it reallocates assets away from high yield towards investment grade

Illinois pension seeks minority-owned fund of minority-owned fund
The Illinois Municipal Retirement Fund (IMRF) has launched a search, seeking minority-owned investment manager of managers to overlook international equities and/or fixed income strategies.  

Texas pension pumps $300 million into Pimco fund
Texas Municipal Retirement System has earmarked up to $300 million to a credit fund managed by Pimco, according to board documents seen by Creditflux, building on a relationship established through a predecessor fund

US pension earmarks $25 million for secondary direct lending investment
Maine Public Employees Retirement System (MainePERS) is set to invest $25 million to a private credit fund through a secondary market transaction  

Italian pension fund seeks greater exposure to private debt
BNL, the pension fund of the investment manager BNP Paribas Italia, has launched a request for proposals (RFP), looking to commit €20 million to private debt closed-end funds.