SJCERA approves $100m commitment

The US public pension has backed a senior debt vehicle.

Institution: San Joaquin County Employees’ Retirement Association
Headquarters: Stockton, United States
AUM: $3.22bn
Bitesize: $10-50m

San Joaquin County Employees’ Retirement Association  has approved a $100 million commitment to Blackrock Direct Lending Fund IX, according to the institution’s February 2020 Retirement Board meeting minutes.

The $3.22 billion US public pension has a 6.10 percent allocation to private debt.

As illustrated below, SJCERA’s recent commitments have been made to funds that focus on senior debt strategies.

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