The Stanislau County Employees’ Retirement Association has disclosed two private credit commitments totaling $35 million, according to materials from the September 26 board meeting.
$20 million was approved for the Ares Senior Direct Lending Fund III. In addition, $15 million was committed to KSL Credit Opportunity Fund IV.
StanCERA has an 8% target to private credit and currently allocates 8.3% as of August 31, 2023.
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