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.
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