OPPRS approves $59m in commitments

The US public pension has backed two distressed debt vehicles.

Institution: Oklahoma Police Pension and Retirement System
Headquarters: Oklahoma City, United States
AUM: $2.71 billion
Allocation to alternatives: 22.87%

Oklahoma Police Pension and Retirement System has agreed to commit $59 million across two private debt vehicles, a contact at the pension informed Private Debt Investor.

The commitments comprise $40 million to Starwood Distressed Opportunity Fund XII and $19 million to Apollo Accord Fund IV.

As illustrated below, the pension allocates 1.95 percent of its full investment portfolio to private debt. Its recent private debt commitments have been mainly to distressed debt vehicles focused on investments in the corporate sector.

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