Stanislaus County Employees' Retirement Association, Modesto, Calif., disclosed three new commitments totaling $45 million.
The $2.6 billion pension fund's staff committed $20 million each to Callodine Asset Based Loan Fund II, a direct lending fund managed by Callodine Group, and TA Realty Value-Add Fund XIII, a value-added real estate fund, and $5 million to venture capital fund Eclipse Ventures Fund V, said Stan Conwell, retirement investment officer, in an email.
All are new managers for the pension fund, Mr. Conwell said.
As of March 31, the actual allocations to private credit, private equity and non-core real estate were 8.4%, 5.4% and 5%, respectively; the respective targets are 8%, 5% and 6%.
