San Jose Federated Commits $12M to Private Infra, Credit

The San Jose Federated City Employees Retirement System made $12M in combined follow-on commitments to two funds in deals closed during the second quarter of 2024. 

In materials related to its December 19, 2024, board meeting, the California-based pension disclosed that it allocated $7M to core infrastructure through Hull Street Energy Partners III, as well as another $5M to private credit though Silver Point Distressed Opportunity Institutional Partners II, adding to a commitment of the same size that it made in 2023. San Jose has also made a prior $6M investment in Hull’s predecessor Fund II in 2022. 

As of June 30, 2024, the retirement system had committed $129.3M to 19 real asset funds and $324.1M to 20 private credit funds, including two co-investment allocations for each asset class valued at $72.2M and $134.6M, respectively. 

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Written By: Dakota

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