The Arizona Public Safety Personnel Retirement System (PSPRS) disclosed commitments totaling $175 million to two private debt strategies at yesterday’s board meeting, confirmed PSPRS’s Rose Crutcher in a phone interview.
The $9.3 billion US public pension allocated $75 million to KKR Revolving Credit Partners II and $100 million to its separately managed senior debt fund with the Audax Group, subject to final due diligence.
PSPRS has a 12.7% commitment to private debt. Platinum subscribers may click here for PSPRS’s full profile, including key contacts, fund investments and allocation strategies.
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