Stanislaus County Employees' Retirement Association, Modesto, Calif., made two new private markets commitments totaling $25 million.
The $2.6 billion pension fund committed $15 million to middle-market buyout fund Genstar Capital Partners X and $10 million to Strategic Value Special Situations Fund V, a private credit fund managed by Strategic Value Partners, said Stan Conwell, retirement investment officer, in an email. Both are first-time commitments to these managers, Mr. Conwell said.
As of March 31, the actual allocations to private equity and private credit were 6.7% and 3.4%, respectively. Their respective targets are 6% and 4.5%.
