The Hollywood Police Officers’ Retirement System has made commitments across two private credit funds totaling $8 million.
On November 18, the board approved investing $4 million to the TCW Direct Lending VIII fund.
Subsequently, they committed $4 million to the PennantPark Credit Opportunities IV fund.
As of September 30, 2022, the $350 million pension fund has an actual and target allocation to fixed income of 11.5% and 20% respectively.
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