Fresno City Retirement moves beyond direct lending in private credit buildout

The Fresno City Retirement Systems is adjusting its private credit strategy. The pension fund recently added $60 million to separate accounts managed by Arcmont Asset Management and Monroe Capital.

Alongside this capital injection, the system is updating its portfolio guidelines. These changes move the accounts beyond a strict focus on direct lending. This shift indicates a broader approach to credit within the portfolio.

Institutional investors continue to refine their credit allocations. By diversifying away from direct lending, Fresno City Retirement Systems aims to adjust its risk and return profile for long-term stability. The fund remains focused on maintaining performance for its beneficiaries.