Arizona PSPRS approves $50m commitment

The US public pension has backed a distressed debt vehicle.

Institution: Arizona Public Safety Personnel Retirement System
Headquarters: Phoenix, United States
AUM: $11.31bn
Allocation to alternatives: 51.13%
Bitesize: $50-100m

Arizona Public Safety Personnel Retirement System committed $50 million to Arbour Lane Credit Opportunity Fund II. Capital raised by the vehicle will be used to acquire distressed corporate debt throughout North America.

The $11.31 billion US public pension has a 22 percent target allocation to private debt that currently stands at 12.27 percent.

As illustrated in the charts below, PSPRS devotes 51.13 percent of its full investment portfolio to alternative assets. The pension has a strong appetite for multi-regional and North America-focused funds across diversified strategies and sectors.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.