LP Radar – August 2016

See the latest private debt LP updates, including allocation changes and people moves.

31 August

Dallas/Fort Worth Airport has committed $10 million to PIMCO Corporate Opportunities Fund II on behalf of the DFW Retirement Plans Trust and terminated its investment agreement with the PIMCO DISCO II Fund.

 

30 August

New Mexico Educational Retirement Board approved a $150 million commitment to Lone Star's Fund X at its investment committee meeting on 25 August. The investment combines $100 million from its opportunistic credit allocation and $50 million from the real estate portion of its portfolio.

 

26 August

Chicago Teachers' Pension Fund’s board is soliciting proposals from all qualified professional firms interested in providing investment management services with an emphasis on diversified core and non-core commercial real estate debt strategies.

Vermont State Retirement System’s investment committee unanimously approved a motion to allocate an additional $15 million to the Siguler Guff’s Distressed Real Estate Opportunities Fund II-A.

 

19 August

Texas County and District Retirement System has committed an additional $25 million to Crescent Direct Lending Fund. The transaction was finalised on July 29.

 

16 August

In Q2 2016, State of Wisconsin Investment Board committed $100 million to GSO Capital Opportunities Fund III and $30 million to Centerbridge Special Credit Partners III.

 

11 August

San Francisco Employees' Retirement System has committed $100 million to Cerberus Levered Loan Opportunities Fund III.


10 August

Erin Leonard will join Minnesota State Retirement System as the next executive director. She will succeed current executive director, Dave Bergstrom, who will retire this December. 

 

8 August

First State Super's chief investment officer (CIO), Richard Brandweiner, will leave the firm to join Leapfrog Investments in January 2017. Damian Graham will be the acting CIO and the firm will look for a permanent replacement.


2 August

Florida State Board of Administration committed $150 million to Audax Mezzanine Fund IV in Q2 2016.

 

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