PSPRS outlines ten-year private debt strategy

The Phoenix-based public pension fund is set to scale up its private debt exposure over the next ten years.

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The Arizona Public Safety Personnel Retirement System (PSPRS) is planning to invest $500 million in private credit transactions over the course of 2018 and 2019.

Over a longer horizon, it will consistently invest between $400 million and $900 million in the asset class every year, with the eventual goal of investing $7.2 billion in total by 2027.

The pension fund’s current exposure to private debt is 17.6 percent of its total assets.

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