San Mateo County Employees' Retirement Association, Redwood City, Calif., committed $35 million to a direct lending fund managed by Tennenbaum Capital Partners, the $3.5 billion pension fund announced on its website.
The commitment will fall under the opportunistic credit segment of the pension fund's fixed-income portfolio.
The pension fund had an 18% fixed-income target as of April 30.
Pension fund officials could not immediately be reached for additional information.
