Springfield Police collars $17.5 million for secondaries fund
Springfield (Mo.) Police Officers & Firefighters Retirement System committed $17.5 million to Crown Secondaries Special Opportunities II.
The $548 million pension fund s board approved the commitment to the secondary private equity fund managed by
LGT Capital Partners at its Feb. 11 meeting, said Janell Manley, administrative director.
It is the pension fund s first commitment to private equity, Ms. Manley said.
As of Dec. 31, the pension fund s actual allocation to alternatives was 22.1%; the target is 34%.
Investment consultant Segal Marco Advisors assisted.
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Springfield Police & Fire to file $40 million in private credit
Springfield (Mo.) Police Officers & Firefighters Retirement System made two new private credit commitments totaling $40 million.
The $469 million pension fund s board on Oct. 8 approved commitments of $20 million each to
Entrust Global Recovery Fund and Marathon Distressed Credit Fund, managed by
Marathon Asset Management, said Janell Manley, administrative director.
As of June 30, the system s actual allocation to alternatives was 20.2%.
Investment consultant Segal Marco Advisors assisted.
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