Stanislaus County Employees’ Retirement Association, Modesto, Calif., committed $15 million to Raven Asset-Based Opportunities Fund III, according to audio from the $1.8 billion pension fund’s board meeting July 28.
The direct lending fund is managed by Raven Capital Management. The pension fund had a total of $30 million invested in previous Raven funds as of June 30.
Rick Santos, executive director of the pension fund, did not return phone calls by press time.
