Sacramento County (Calif.) Employees' Retirement System disclosed $100 million in new private credit and real assets commitments.
The $12.4 billion pension fund disclosed commitments of $50 million each to Ares Senior Direct Lending Fund III, a direct lending fund managed by Ares Management, and KKR Asia Pacific Infrastructure Fund II, an infrastructure fund managed by KKR & Co., in its 2023 investment year in review included with upcoming Nov. 15 board meeting materials.
As of June 30, the pension fund's actual allocations to private real assets and private credit were 7.4% and 5%, respectively; their respective targets are 7% and 5%.
