---
title: Pompano Beach Police & Firefighters’ Commits $31M to Private Credit
description: Pompano Beach Police & Firefighters’ Commits $31M to Private Credit .
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/lance-asper-WSLwmKRjIEY-unsplash.jpg
---

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# Pompano Beach Police & Firefighters’ Commits $31M to Private Credit

**Written by: ** John Washington, Data Research Analyst 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/lance-asper-WSLwmKRjIEY-unsplash.jpg)

Pompano Beach Police & Firefighters’ Retirement System has approved four new investments in private credit. 

$7 million was allocated to Churchill MM Senior Loan V, managed by Churchill Asset Management LLC. $7 million was allocated to PennantPark Credit Opportunity IV, managed by PennantPark. $7 million was allocated to EnTrust Blue Ocean Fund II, managed by Entrust Global. Lastly, $10 million was committed to Serenitas Credit Gamma Fund, managed by LMCG Investments, LLC. 

The private credit commitments come after a discussion at the December 2022 meeting regarding initiating a private credit strategy as part of the Plan’s 2023 investment initiatives.

As of December 31, 2022, the Pompano Beach pension fund has a market value of approximately $250 million.

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 Tags: [Credit](https://dakotafunds.com/dakota-funds/tag/credit), [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights)

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