Stanislaus County Employees' Retirement Association, Modesto, Calif., committed $20 million to Carlyle Renewable and Sustainable Energy Fund II.
The $2.7 billion pension fund disclosed the commitment to the non-core infrastructure fund managed by Carlyle Group in a memo to the board from Stan Conwell, retirement investment officer, included with materials for its Dec. 12 meeting.
It is StanCERA's first commitment to a Carlyle fund.
As of June 30, the pension fund's actual allocation to infrastructure was 7.4%; the target is 7.5%.
