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California pension fund commits $75m to Mesa West fund

by Zoë Wolff

The $2.5 billion San Joaquin County (Calif.) Employees’ Retirement Association has committed $75 million to Mesa West Real Estate Income Fund IV, according to recent meeting documents.

The value-added debt fund, managed by Mesa West Capital, is targeting $750 million in equity commitments and will focus on lending across all major property types in primary markets.

The commitment falls under the pension fund’s credit portfolio, which is a new asset class for SJCERA.

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