The Arizona Public Safety Personnel Retirement System, based in Phoenix, has disclosed two new commitments totaling $450m, including a $250m allocation to private credit fund TPG Angelo Gordon Asset Based Credit Evergreen Fund, according to a report by Pensions & Investments Online.
The report cites spokesperson Christian Palmer as confirming that the $23.1bn pension fund also committed $200m to Trident X, a buyout fund managed by Stone Point Capital.
The commitments were completed between 15 November and 20 December.
As of 30 June, the pension fund’s actual allocations to global private equity and private credit were 22.3% and 14.4%, respectively, below their respective targets of 24% and 20%.
