San Mateo Commits $58M to Private Credit, Private Equity

A recent news report from the San Mateo County Employee’ Retirement Association (SamCERA) has disclosed the approval of two commitments to private credit and private equity totalling $58 million. 

$30 million was allocated to TPG Angelo Gordon Credit Solutions Fund III. This investment is part of SamCERA’s Private Credit Opportunistic Portfolio.

Also approved at the April 23 board meeting, $28 million was allocated to Kinderhook Capital Fund 8, L.P., a buyout strategy within SamCERA’s Private Equity portfolio. 

As of March 2024, SamCERA has a target allocation of 7% to private equity and 3% to opportunistic private credit. 

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