Sacramento County (Calif.) Employees' Retirement System made a follow-on commitment of $35 million to IFM U.S. Infrastructure Debt Fund.
The $12.1 billion pension fund's investment staff completed the follow-on commitment to the open-end direct lending fund managed by IFM Investors in April, according to a transaction report posted on its website.
The pension fund originally committed $40 million to the fund in 2019.
As of March 31, the actual allocation to private credit was 5%, equal to its target.
