Alameda County Employees' Retirement Association, Oakland, Calif., approved fund commitments to infrastructure and private credit totaling up to $105 million.
The $11.5 billion pension fund's board approved commitments of up to $75 million to Monroe Capital Private Credit Fund IV and up to $30 million to Tiger Infrastructure Partners Fund III at its Dec. 16 meeting, spokesman Michael Fara said in an email.
Both are new managers for the pension fund.
As of Sept. 30, the pension fund's actual allocations to real assets and private credit were 6.1% and 1.3%, respectively; their respective targets are 5% and 4%.
