Signal explorer

At the May 14, 2026 SCERS Board of Administration meeting, the Board accepted the April 30, 2026 Investment Committee recommendation and approved (5-0, Crawford/Blinder) a commitment of up to $30 million to Ares Pathfinder Fund III, an asset-based private credit strategy managed by Ares Management Corporation (an existing SCERS public credit manager, $623B AUM), pending satisfactory legal review. General consultant NEPC concurred and selected Pathfinder III as a preferred Focused Placement List strategy with a top rating of 1. CIO Jason Malinowski.

At the May 14, 2026 SCERS Board of Administration meeting, the Board accepted the April 30, 2026 Investment Committee recommendation and approved (5-0, Crawford/Dively) a commitment of up to $30 million to Monarch Capital Partners VII LP, an opportunistic credit strategy, pending satisfactory legal review. MCP VII is SCERS's second Monarch allocation (committed $30M to MCP VI in 2023); consistent with the 7% Credit Fixed Income target. General consultant NEPC concurred (final stages of FPL evaluation; top rating of 1 on MCP VI). CIO Jason Malinowski.