San Antonio F&P Completes $50M Private Credit Search

The San Antonio Fire & Police Pension System completed its private debt search, selecting two managers to oversee a $50M mandate, according to recently published minutes from its August 21 board meeting.

Metric Capital Partners Fund V, a special situations private debt manager, and VGO Special Situations III, a distressed private credit manager, were chosen to fill the search. Both mandates were for $25M. 

As reported by Dakota in July, six finalists were considered for the position, including Cross Ocean European Special Situations Fund V, Irradiant Solutions Fund II, King Street Opportunistic Credit Fund I, Metric Capital Partners Fund V, RoundShield Fund V, and VGO Special Situations III.

According to NEPC’s quarterly performance review of the pension fund, San Antonio F&P has a market value of $4B with a return of 4.3% YTD. 

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