San Mateo County Employees' Retirement Association, Redwood City, Calif., committed $10 million to Taurus Funds Management's Taurus Mining Finance Fund Annex Fund, shows a posting on the pension's fund's website.
The annex fund was set up to accommodate the high level of deal flow Taurus was finding in a variety of mining-related opportunities.
The commitment is part of the $3.5 billion pension fund's allocation to private real assets. It has a 2% target allocation to private real assets.
Investment officials could not be immediately reached for comment.