---
title: San Joaquin Commits $40M to Private Credit
description: San Joaquin Commits $40M to Private Credit
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/steven-kelly-tO63oH6mGlg-unsplash%20(4).jpg
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# San Joaquin Commits $40M to Private Credit

**Written by: ** Jane Bailey, Marketing Associate 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/steven-kelly-tO63oH6mGlg-unsplash%20(4).jpg)

According to meeting minutes from the December 9th board meeting, the San Joaquin County Employees Retirement Association has approved a $40 million commitment to Oaktree Special Situations Fund III.

San Joaquin previously invested in the Oaktree Middle-Market Direct lending strategy. 

As of September 30, 2023, the pension fund was valued at $4 billion.

*For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of [Dakota Marketplace](https://www.dakota.com/dakota-marketplace)!*

 Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Private Credit](https://dakotafunds.com/dakota-funds/tag/private-credit)

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