The Pennsylvania State Employees’ Retirement System, which has embarked on a major overhaul of its alternatives programme, has committed $100 million to “special situations”, pledging to Oaktree Capital Management and LBC Credit Partners.
The $25 billion system committed $50 million each to Oaktree’s ninth Opportunities fund, which earlier this year held a first close on $1.2
PA SERS pledges to ‘special situations’
The $25bn pension system has allocated $100m to Oaktree and LBC Credit Partners as it works to meet its $500m annual commitment target as part of its overhaul of its alternatives programme.
