The Arizona Public Safety Personnel Retirement System has closed on two alternative investments in June.
Materials from the now canceled July 22 meeting disclose an investment in a buyout fund, Sterling Group Foundation I, that closed on June 15, and an investment in distressed private credit fund, Fundamental Partners IV, which closed on June 30. Further details of the investments were not available at the time of this writing.
As of May 31, 2022, the $17.2 billion Retirement System targets 27% and 20% to private equity and private credit respectively. The actual allocations to private equity and private credit are 24.61% and 11.32% respectively.
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