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The direct lending firm exceeded its target for Tree Line Direct Lending IV.
The firms have created a separately managed account that allows financial advisors to allocate to private equity, private credit and real assets.
The pension plan disclosed commitments totaling $1.5 billion in the fourth quarter.
The pension plan committed up to $65 million total to private credit and private markets managers yesterday.
The three firms will vie for a $25 million mandate next month.
The request for expressions of interest has been launched to keep pace with plans to build out the investment fund’s private equity portfolio.
The plan had previously approved the hire of the firm, which experienced a personnel change afterwards and needed additional due diligence.
Robert Reveles serves as financial investment officer of the $832.6 million Mendocino County (Calif.) Employees Retirement Association after originally joining the plan in 2019.
The firm has launched a proprietary proxy voting service for client assets where it has both investment discretion and proxy voting authority.