Saturday, 28 February 2015
Last updated 20 hours ago
Jun 19 2008 | 2:00am ET
At least one penion fund is not shy about investing in alternatives. The $6.3 billion San Bernardino County (Calif.) Employees’ Retirement Association last month approved upping its allocation to the space from 32% to 35%.
The fund is also boosting its distressed debt, credit and private equity portfolios with new commitments, according to minutes from its May 12 meeting. Last month, the fund committed $10 million each to secondary buyout funds Lexington Middle Market II and Industry Ventures V.
It also committed $30 million each to Oaktree U.S. Convertible Bond Strategy, Oaktree High Income Convertible Bond Strategy, Lord Abbott Convertible Fixed Income Management Fund and Ares Enhanced Credit Opportunities Fund.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…