Sonoma County Employees makes first commitment to private debt

Sonoma County Employees’ Retirement Association, Santa Rosa, Calif., committed $75 million to Davidson Kempner Special Opportunities Fund III, a private debt fund managed by Davidson Kempner Capital Management, said Steven Marsh, investment analyst.

It is the $2.4 billion pension fund’s first private debt commitment and first commitment to any Davidson Kempner fund, Mr. Marsh said.

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