Border to Coast Pensions Partnership, Leeds, England, committed £575 million ($794 million) to six private credit funds as part of its £3 billion private markets program, a spokesman confirmed.
The pool, whose U.K. local authority partner funds have £46 billion in assets, committed: $160…
Border to Coast commits more than $700 million to private credit funds
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Border to Coast Pensions Partnership, Leeds, England, committed about $735 million to six private credit funds as part of its £3 billion ($4.1 billion) private markets program, a spokesman confirmed.
The pool, whose U.K. local authority partner funds have £46 billion in assets, committed:
$160 million to Churchill Middle Market Senior Loan Fund IV, run by
Churchill Asset Management. The fund is a North American direct-lending strategy focused on middle-market companies.
$125 million to GSO Capital Opportunities Fund IV, run by
Blackstone and focused on global mezzanine investments in North America and Europe.