---
title: San Mateo Invests $73M to Private Markets
description: San Mateo Invests $73M to Private Markets
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/cristina-glebova-a99xLaT3u8g-unsplash.jpg
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# San Mateo Invests $73M to Private Markets

**Written by: ** Helen Bascom, Marketing Associate 

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The San Mateo County Employees’ Retirement Association approved two commitments totaling $73 million to private markets.

In private credit, $45 million was committed to Comvest Credit Partners VII and in private equity, $28 million was committed to Peak Rock Capital Fund IV. Both commitments represent new relationships for SamCERA. 

As of December 31, 2023, the $6.1 billion pension fund allocates approximately 6.6% of its portfolio to private equity and 2.5% to private credit.

*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 Equity](https://dakotafunds.com/dakota-funds/tag/private-equity), [Private Credit](https://dakotafunds.com/dakota-funds/tag/private-credit)

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