Stanislaus County Employees' Retirement Association, Modesto, Calif., committed $15 million to SSC Partners III.
The $3 billion pension fund's commitment to the lower-middle-market buyout fund managed by Sole Source Capital was completed March 28, according to a memo from Stan Conwell, investment officer, that was included in materials for the pension fund's upcoming April 22 board meeting.
StanCERA previously committed $15 million to SSC Partners II in 2021.
As of March 31, the pension fund’s actual allocation to private equity was 6%; the target is 5%.
