San Antonio Fire & Police Commits $50M to Real Estate, Private Credit; Preparing for Private Credit Search

The San Antonio Fire and Police Pension Fund approved two commitments to real estate and private credit totaling $50 million, according to materials from the May 22nd Investment Committee meeting.

In real estate, $25 million was committed to Covenant Apartment Fund XII.

Within private credit, $25 million was allocated to Hayfin Direct Lending Fund V.

Additionally, they will be preparing a private debt search, concentrating on stressed and special situations corporate strategies. Staff also recommended committing $25 million to new private debt opportunities, excluding re-ups, before the year end.

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