FUNDRAISING NEWS | March 22, 2023
Tags: Pension Funds, Alternative Insights, Credit
Pompano Beach Police & Firefighters’ Retirement System has approved four new investments in private credit.
$7 million was allocated to Churchill MM Senior Loan V, managed by Churchill Asset Management LLC. $7 million was allocated to PennantPark Credit Opportunity IV, managed by PennantPark. $7 million was allocated to EnTrust Blue Ocean Fund II, managed by Entrust Global. Lastly, $10 million was committed to Serenitas Credit Gamma Fund, managed by LMCG Investments, LLC.
The private credit commitments come after a discussion at the December 2022 meeting regarding initiating a private credit strategy as part of the Plan’s 2023 investment initiatives.
As of December 31, 2022, the Pompano Beach pension fund has a market value of approximately $250 million.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!
Written By: John Washington, Data Research Analyst
John Washington is the Data Research Analyst at Dakota.
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