Sacramento County (Calif.) Employees' Retirement System disclosed new private credit commitments totaling $80 million and a $25 million follow-on commitment to a real estate fund.
The $11.8 billion pension fund committed $40 million each to Brookfield Infrastructure Debt Fund III, managed by Brookfield Asset Management; and Silver Point Specialty Credit Fund III, managed by Silver Point Capital, according to an investment review included with materials for its upcoming Nov. 16 board meeting.
The pension fund previously committed $100 million to Brookfield Super-Core Infrastructure Partners in 2021 and $40 million to Silver Point Specialty Credit Fund II in 2020.
As of Sept. 30, the actual allocation to private credit was 3.1%; the target is 5%.
Also, the pension fund disclosed a follow-on commitment of $25 million to Harrison Street Social Infrastructure Fund, an infrastructure fund managed by Harrison Street Real Estate Capital. The pension fund originally committed $50 million to the fund in 2020.
As of Sept. 30, the actual allocation to real assets was 8.1%; the target is 7%.