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

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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