The Sacramento County (Calif.) Employees’ Retirement System (SCERS) has unveiled a $35 million follow-on commitment to IFM U.S. Infrastructure Debt Fund, an open-end fund managed by IFM Investors.
The increased commitment will bring SCERS' total commitment to $75 million, following the initial $40 million invested in August 2019.
Launched in 2018, the IFM U.S. Infrastructure Debt Fund targets senior-secured, floating-rate loans.