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San Bernardino eyes commitment to Aberdeen Standard secondaries fund

San Bernardino County (Calif.) Employees' Retirement Association is considering a $40 million commitment to Aberdeen Standard Secondary Opportunities Fund IV, a secondaries fund managed by Aberdeen Standard Investments, confirmed Michael Tamony, spokesman for the pension fund.

SBCERA's investment committee made this recommendation at its Tuesday meeting. It will be presented to the retirement board for approval on Jan. 10.

NEPC, investment consultant to the $9.7 billion retirement plan, assisted.