San Joaquin Retirement Targeting $150M to Private Credit

Written by: Morgan Holycross, Marketing Manager

The San Joaquin County Employees Retirement Association has reviewed their private credit investment plan at the recent November 3 board meeting. 

A presentation from their investment consultant, Meketa, recommends $150 million in commitments annually ($100m-$200m range).

The $3.9 billion pension allocates 9.7% to private credit as of September 2023, with a target allocation of 10%. 

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!

Recent Posts

February 07, 2023

Illinois Municipal has committed $150M to Alts; Increases Fixed Income Minority Manager Target

The Illinois Municipal Retirement Fund (IMRF) has revealed three commitments that were approved at...

September 25, 2023

Virginia Retirement Commits $150M to Private Credit; Terminates Two Managers

The Virginia Retirement System allocated $150 million to private credit, according to materials...

April 21, 2023

LA Water & Power Commits $150M to Real Estate

The Los Angeles Water & Power Employees’ Retirement Plan has committed $150 million between two...