StanCERA Commits $20M to Comvest Partners

The Stanislaus County Employees’ Retirement Association approved a $20 million commitment to Comvest Credit Partners VII, according to materials from the April 23rd Board meeting. This commitment represents a new relationship for StanCERA.

Current managers in the private credit portfolio include Monroe, KSL, Crestline, and Abry.  

As of March 31, 2024 the $2.8 billion pension fund allocates approximately 7.9% to private credit with a target of 8%.

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