StanCERA Commits $20M to Crayhill Private Credit Fund

The Stanislaus County Employees’ Retirement Association on November 1 approved an allocation of $20M to Crayhill Principal Strategies Fund III, per pension materials related to its December 3 meeting.

Crayhill is the most recent addition to the pension’s private credit portfolio, which includes Comvest, Monroe, Crestline, and Abry. The commitment to the asset-backed private credit fund will be within the California pension’s 8% private credit policy allocation, in the special situations sub-asset class with a target weight of 3%. 

As of October 31, the private credit portfolio accounts for 7.4% in current allocation, translating to $218.9M out of Stanislaus County’s approximately $3B in total plan assets.

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