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Contra Costa County Employees earmarks $75M for energy credit fund

by trusted insight posted 3years ago 590 views
Contra Costa County Employees’ Retirement Association, Concord, Calif., committed $75 million to Angelo Gordon Energy Credit Opportunities Fund, said Timothy Price, chief investment officer of the $6.5 billion pension fund.

The fund, managed by Angelo, Gordon & Co., can invest in three strategies as it seeks opportunities: non-investment-grade credit, distressed debt and direct lending in the energy industry.

The pension fund previously committed $65 million to AG Realty Fund IX in October.

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