SSG Capital Management, an Asia-focused private credit fund manager, has closed its fifth fund, SSG Capital Partners V, and a sidecar vehicle with USD2.7 billion in total commitments. Investors in the fund include Virginia Retirement System, which committed USD150 million in December 2018, and Pennsylvania Public School Employees’ Retirement System, which committed USD150 million to both the fund and the sidecar. SSG Capital previously raised USD1.7 billion for its fourth fund and a sidecar in December 2017.