San Mateo County Employees' Retirement Association, Redwood City, Calif., committed $25 million to Taurus Mining Finance Fund II, a natural resources fund managed by Taurus Funds Management, an announcement on the $4.3 billion pension fund's website shows.
The commitment falls within the pension fund's natural resources portfolio within its private real assets allocation, the announcement said. As of Dec. 31, the actual allocation to private real assets was 1.6%; the target is 2%.
The pension fund previously committed $20 million to Taurus Mining Finance Fund in 2014.
Michael Coultrip, SamCERA's chief investment officer, could not be immediately reached to provide further information.