Arizona Safety Adds on Three

June 25, 2009

The Arizona Public Safety Personnel Retirement System (PSPRS) made commitments to three alternative investment funds this week. Jim Hacking, PSPRS administrator said that the board approved investments of up to $40 each in the Charlesbank Equity Fund VII and the Centerbridge Special Credit Partners. The Charlesbank investment, which was recommended by consultant StepStone Group, is a middle market private equity fund, while the Centerbridge fund invests in distressed securities and was recommended by NEPC. Also approved was…

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