Exclusive: Colorado FPPA commits $125m to Wood Creek

The pension is making the allocation as part of its real asset direct and co-investment program

The Fire and Police Pension Association of Colorado has committed $125 million to Wood Creek Capital Management for real assets investments.

Wood Creek is an affiliate of Babson Capital Management, and invests in real assets including global agriculture, intellectual property, tangible assets, pharma and reinsurance. The firm manages approximately $2.0 billion, according to its website. 

“The relationship with Wood Creek is strategically important to FPPA's ongoing internally managed Illiquid Alternatives program and specifically to the systematic and structural build out of the real assets exposure,” said Dale Martin, director of illiquid alternatives at FPPA in a statement. “Partnering with Wood Creek will allow FPPA to further execute on an increasingly compelling and broadening Illiquid Alternatives opportunity set across private equity, private credit, real estate and real assets.” 

FPPA has a long-term target allocation of 26% to its Illiquid Alternatives program.  This commitment includes the option to invest both directly and through co-investments.

“We are encouraged by the opportunity to work with Wood Creek as they offer FPPA a true extension of staff and resources to tactically allocate among a custom portfolio of tangible and intangible real asset positions,” said Scott Simon, chief investment officer, FPPA.