The Merced County Employees’ Retirement Association has disclosed two alternative investments totaling up to $30 million, according to meeting minutes from the September 22 board meeting.
$20 million was committed to private credit fund, Silver Point Specialty Credit III. Furthermore, $10 million was allocated to infrastructure fund, BlackRock Global Infrastructure Fund IV.
As of June 30, 2022, the $1.1 billion Retirement Association has an actual and target allocation to opportunistic credit of 5.4% and 5% respectively. The actual and target allocations to real assets was 4.7% and 5% respectively.
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