StanCERA approves $54m commitment

The US public pension has backed a North America-focused fund.

Stanislaus County Employees Retirement Association has approved an allocation of 2.5 percent (approximately $54 million) to the PGIM Real Estate US Debt strategy.

The $2 billion US public pension has a 3.5 percent target allocation to real estate that currently stands at 4.2 percent.

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