Arizona PSPRS approves $80m commitment

The US public pension has backed a global natural resources debt fund.

Institution: Arizona Public Safety Personnel Retirement System
Headquarters: Phoenix, United States
AUM: $10.30bn
Allocation to alternatives: 48.02%
Bitesize: $50-100m

Arizona Public Safety Personnel Retirement System committed $80 million to Orion Mine Finance Fund III, with $50 million going to the main fund and $30 million going to a co-investment. The fund will invest in natural resources across the globe using a mezzanine debt origination strategy.

The $10.30 billion US public pension has a 22 percent target allocation to private debt that currently stands at 15.88 percent.

As illustrated in the charts below, 48.02 percent of PSPRS’ investment portfolio is dedicated to alternative assets. The pension has a strong appetite for funds across various strategies, sectors and regions.

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