San Joaquin County Employees’ Retirement Association, Stockton, Calif., committed to two Morgan Creek Capital Management private equity funds, pending legal review and successful contract negotiations, recently released financial board minutes show.
The $2.5 billion pension fund committed to Morgan Creek Partners VI and Morgan Creek Partners Co-Investment Fund III.
The sizes of the commitments were not disclosed.
The pension fund previously committed $12 million to predecessor fund Morgan Creek Partners V in 2013.
Annette St. Urbain, CEO, could not be reached for additional information by press time.