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FUNDRAISING NEWS | October 21, 2024

Milford Pension and Retirement Commits $25M to Beach Point

Tags: Pension Funds, Alternative Insights, Private Credit, New Investment

The Milford Pension and Retirement Board approved a motion to commit $25M to Beach Point Capital Opportunities Fund V, the pension disclosed in meeting minutes from its October 17 board meeting.

Beach Point Opportunities Fund V is an opportunistic fund strategy within the private credit asset class. The $25M investment will go directly from the retirement portfolio into Fund V, establishing a new investment relationship between the two. Consultant Beirne Wealth advised on the investment.

According to Dakota data, the Milford Pension and Retirement Board has $392M in managed assets. 

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Written By: Dakota

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