Institution: San Joaquin County Employees’ Retirement Association
Headquarters: Stockton, United States
San Joaquin County Employees’ Retirement Association has approved a $100 million commitment to Blackrock Direct Lending Fund IX, according to the institution’s February 2020 Retirement Board meeting minutes.
The $3.22 billion US public pension has a 4..44 percent allocation to private equity.
As illustrated below, SJCERA’s recent commitments have been made to funds that focus on subordinated/mezzanine strategies.
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