Phoenix Employees’ Retirement System Hires Private Credit Manager

The City of Phoenix Employees’ Retirement System approved hiring PIMCO for a private credit mandate according to materials from the June 10th Investment Committee meeting. 

General consultant Meketa assisted with the recommendation.

As of January 31, 2024, the $3.6 billion pension fund allocates approximately 0% to private credit with a policy target of 3%.

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