Stanislaus County Employees' Retirement Association, Modesto, Calif., committed $20 million to Crestline Opportunity Fund V.
The $2.7 billion pension fund disclosed the commitment to the private credit fund managed by Crestline Investors in materials for its upcoming July 25 board meeting.
It is StanCERA's first commitment to a Crestline fund.
As of June 30, the pension fund's actual allocation to private credit was 8.2%; the target is 8%.
