Merced ERA Commits $28M to Private Credit

The Merced County Employees' Retirement Association has made two private credit commitments totaling up to $28 million, according to meeting minutes from the April board meeting.

$20 million was committed to Ares Senior Direct Lending Fund III.

$8 million was committed to Taconic Credit Dislocation Fund IV.

Cliffwater assisted with the investment recommendations.

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!