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.

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.

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