The Wisconsin Board of Commissioners of Public Lands (BCPL) has committed $25m to PGIM Senior Loan Opportunities Fund II, a $3bn private credit fund managed by PGIM Private Capital, according to a report by New Private Markets citing its February board meeting documents.
The fund, classified as an Article 8 investment, will target senior debt opportunities across North America and Western Europe, offering private market exposure with a focus on risk-adjusted returns.
BCPL, which oversees $1.5bn in assets, is currently underweight in private markets, with an allocation of 54.7% — below its 68% target.
