LP Radar – June 2016

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

29 June 

Military Mutual Aid Association plans to increase its alternative investment allocation from 23 percent to 25 percent by 2020 and to boost overseas investments, including private debt, to over 30 percent in 2017.


27 June 

Minnesota State Board of Investment approved a commitment of $100 million to LBC Credit Partners IV, a senior debt fund that targets $600 million.


23 June 

Canada Pension Plan Investment Board appointed Alain Carrier Senior Managing Director and Head of International; Suyi Kim is appointed Managing Director and Head of Asia.


22 June

Texas County and District Retirement System is going to consider future investments into distressed debt and direct lending at its board of trustees’ meeting tomorrow.

 

21 June

Iowa Public Employees' Retirement System’s investment board approved the hiring of Monroe Capital and Tennenbaum Capital Partners to manage its middle market direct lending mandates.

 

20 June

University of Michigan approved a commitment of $30 million to AMERRA Agri Fund III, a New York-based vehicle.

 

16 June

Pennsylvania Public School Employees' Retirement System has approved a commitment of $100 million plus reasonable normal investment expenses to International Infrastructure Finance Company II.

Massachusetts Pension Reserves Investment Management Board has voted to approve an investment of up to $225 million in GSO Credit Opportunity Fund III.

 

15 June

San Jose Federated City Employees Retirement System is going to discuss its private debt strategy and pacing plan at a meeting tomorrow. Its consultant has recommended that the institution commits between $40 million and $50 million to the strategy annually.

 

9 June

Pennsylvania Public School Employees' Retirement System's finance committee will discuss a commitment to RCG Longview Debt Fund VI tomorrow.