San Bernardino County Employees’ Retirement Association has approved the creation of a Master Custodial Account with Irradiant Partners.
Irradiant Partners focuses on liquid credit, opportunistic credit, and renewable private equity and credit.
The partnership will “serve as a single investment for SBCERA that would act as a Holding Fund and allow SBCERA to invest in a series of opportunities across Irradiant’s platform”, according to materials from the Retirement Association’s consultant, NEPC.
SBCERA anticipates targeting $50 million for fund investments and $25 million for co-investments.
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