Stanislaus County Employees' Retirement Association, Modesto, Calif., disclosed two new private markets commitments totaling $40 million.
The $2.7 billion pension fund disclosed the commitments of $20 million each to Blue Wolf Capital Fund V, a buyout fund managed by Blue Wolf Capital Partners; and private credit fund Monroe Capital Private Credit Fund IV, said Stan Conwell, retirement investment officer, in an email.
These are the pension fund's first commitments to both managers, Mr. Conwell said.
As of March 31, the pension fund's actual allocations to private credit and private equity were 7.7% and 5.4%, respectively; their respective targets are 8% and 5%.
