The San Mateo County Employees’ Retirement Association has approved an investment of $60 million to emerging market debt according to minutes from the January 23 Board meeting.
$60 million was awarded to Eaton Vance Emerging Markets Debt Opportunities strategy in a private fund vehicle.
Investment consultant, Verus, assisted with the search, sending out RFIs to eight investment managers. Franklin Templeton was also evaluated for consideration.
As of September 30, 2023 the $6 billion pension fund allocates 11.4% to opportunistic credit with a policy target of 11%.
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