DERP decreases allocation to private debt

The Denver public pension has decreased its exposure to private credit.

Institution: Denver Employees Retirement Plan
Headquarters: Denver, United States
AUM: $2.12bn
Allocation to Alternatives: 29%

Denver Employees Retirement Plan has decreased its allocation to private debt from 9% to 8.5%, according to a recent board meeting. The US pension currently allocates 29% to alternative assets across private equity, private debt, real estate and natural resources.

As illustrated in the charts below, the $2.12 billion pension has met or exceeded its target allocation for every asset class. DERP’s strongest appetite is for private debt compared to other alternative assets.

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