CFRS approves $150m commitment

The US public pension has partnered with Monroe Capital through a separately managed account.

Institution: City of Fresno Retirement Systems
Headquarters: Fresno, US
AUM: $3.71 billion
Allocation to alternatives: 27.27%

City of Fresno Retirement Systems has committed $150 million to Monroe Capital Private Credit Fund 559 LP Fund, a contact at the pension confirmed to Private Debt Investor. The investment will continue to build out the pension’s private debt allocation.

This separate account, managed by Monroe Capital, aims to invest across the lower mid-market domestic credit universe with a primary focus on direct lending and opportunistic assets.

As illustrated below, the pension’s recent fund commitments have focused primarily on investments in North America. It currently allocates 5.43 percent of its investment portfolio to real estate.

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