CalPERS approves $750m in commitments

The US public pension has backed two corporate debt funds.

California Public Employees’ Retirement System has approved a $500 million commitment to Blackstone Tactical Opportunities Fund III and $250 million to TowerBrook Structured Opportunities Fund II.

The $357 billion US public pension has a 1.33 percent current allocation to private debt.

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