Baltimore Fire and Police approves $40m in commitments

The US public pension has backed a pair of private debt vehicles.

Institution: Baltimore City Fire and Police Employees’ Retirement System
Headquarters: Baltimore, US
AUM: $2.65 billion
Allocation to alternatives: 26.9%

Baltimore City Fire and Police Employees’ Retirement System has approved $40 million worth of private debt commitments, a contact at the pension informed Private Debt Investor.

The commitments comprise $20 million each to CVI Credit Value Fund V and Vista Credit Opportunities Fund III.

The $2.65 billion US public pension has a 4 percent target allocation to private debt that currently stands at 1.7 percent.

As illustrated below, Baltimore Fire and Police’s private debt commitments tend to focus on vehicles acquiring debt across various regions.

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