Stanislaus County approves $10m commitment

The US public pension has backed a North America-focused senior debt fund.

Institution: Stanislaus County Employees Retirement Association
Headquarters: Modesto, United States
AUM: $2.14bn
Allocation to alternatives: 16.60%
Bitesize: $10-50m

Stanislaus County Employees Retirement Association committed $10 million to Owl Rock First Lien Fund. The corporate lending fund will use capital raised to invest in companies throughout North America using a senior debt strategy.

The $2.14 billion US public pension currently allocates 4.01 percent to private debt.

As illustrated in the charts below, Stanislaus County devotes 16.60 percent of its full investment portfolio to alternative assets. Mr. Rick Santos is the current Executive Director.

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