San Mateo County Employees' Retirement Association, Redwood City, Calif., committed $25 million to Gridiron Capital Fund V and $20 million to Charlesbank Technology Opportunities Fund II at its board meeting on July 25, according to a notice on the pension fund's website.
Gridiron Capital Fund V is a buyout fund managed by Gridiron Capital.
Charlesbank Technology Opportunities Fund II is a buyout fund managed by Charlesbank Capital Partners and targets the information technology sector.
Natasha Jeong, spokeswoman for SamCERA, confirmed by email that the pension fund had not made previous investments to either fund.
SamCERA had about $5.7 billion in assets as of Dec. 31, 2022, according to an information packet issued for the board meeting.