FUNDRAISING NEWS | February 16, 2023
The San Jose Federated City Employees Retirement System has committed $39 million between alternative funds.
$10 million was committed to Eagle Point Defensive Income Fund II, a private credit fund managed by Eagle Point Credit Management. $10 million was committed to an opportunistic fund, HPS Special Situations Opportunity Fund II, managed by HPS Investment Partners.
In Real Estate, $13 million was committed to value-add fund DRA Growth & Income Fund XI, managed by DRA Advisors.
Within Private Equity, $6 million was allocated to an energy focused private equity fund, Mountain Capital Partners II, managed by Mountain Capital Management.
As of September 30, 2022, the retirement system is valued at approximately $2.7 billion.
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John Washington is the Data Research Analyst at Dakota.
