San Joaquin County Employees' Retirement Association, Stockton, Calif., disclosed two new alternative fund commitments totaling $70 million.
The $3.7 billion pension fund's board in closed session approved commitments of $50 million to infrastructure fund BlackRock Global Infrastructure Fund IV and $20 million to growth equity fund Long Arc Capital Fund I at its July 8 and Nov. 4 meetings, respectively, according to materials for its Jan. 20 board meeting.
As of Sept. 30, the pension fund's actual allocation to aggressive growth was 9.5%; the target is 10%.
Johanna Schick, the pension fund's CEO, could not be immediately reached for further information.
