Header image

Credit Funds Tracker: 20 November 2020

US public pension funds have disclosed $1.2 billion in commitments to credit focused strategies.

Angelo Gordon and Monroe beat 25

Angelo Gordon and Monroe Capital beat 25 other managers to win US direct lending mandates from the Oklahoma Tobacco Settlement Endowment Trust. Following the request for proposals released in September, investment consultant NEPC received 27 responses of which five were interviewed in October. One requirement was the direct lender must not invest in securities directly issued by a tobacco company. 

The Oklahoma pension allocated $50 million to Angelo Gordon and $20 million to Monroe Capital, chief investment officer confirmed. Both funds are focused on the lower middle market.

Create a free account

  • email Get exclusive content from our leading private markets events and journalists.
  • play_arrow Watch sessions again, download reports and get exclusive data.
  • perm_contact_calendar Connect with an international community of LPs and GPs via our event networking app (event attendees only).