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Arizona Commits $80M To West Face, EIF
Arizona Public Safety Personnel Retirement System has committed a total of about $80 million to West Face Capital and EIF Management.
Arizona Public Safety Personnel Retirement System (PSPRS) has committed a total of about $80 million to West Face Capital and EIF Management, Pensions & Investments reports. The retirement system of Arizona has given up to $40 million to West Face for its Long-Term Opportunities Global Master hedge fund and another $40 million to EIF for the United States Power Fund IV.
The funding for the global master fund will come from returns from the system’s existing credit opportunities investments. The EIF commitment will be funded from the system’s $366 million real assets allocation, which is an alternative to equities.
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