San Mateo County allocates $70 million to 2 funds

San Mateo County Employees' Retirement Association, Redwood City, Calif., agreed to allocate $70 million to two managers, said an announcement on the $4.3 billion pension fund's website.

At its Tuesday meeting, the SamCERA board agreed to invest $40 million in the PIMCO Income Fund, an actively managed fixed-income mutual fund run by Pacific Investment Management Co. The board also agreed to commit $30 million to EQT Infrastructure IV, managed by EQT Funds Management.

Michael Coultrip, chief investment officer, did not immediately return a phone call requesting additional information.