San Joaquin County Employees' Retirement Association, Stockton, Calif., committed up to $50 million to Raven Asset-Based Opportunity Fund III, subject to legal review and successful contract negotiations, said recently released board meeting minutes.
The direct lending fund is managed by Raven Capital Management.
The $2.5 billion pension fund previously committed $45 million to predecessor fund Raven Asset-Based Opportunity Fund II in May 2014.
CEO Annette St. Urbain could not immediately be reached for additional information.
