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FCERA decreases allocation to private equity

The US public pension's private equity allocation has dropped to 4.4%.

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Institution: Fresno County Employees’ Retirement Association
Headquarters: Fresno, United States
AUM: $4.76bn
Allocation to alternatives: 19.80%
Bitesize: $10-50m

Fresno County Employees’ Retirement Association has adjusted its allocation to private equity investments from 4.70% to 4.40%.

As illustrated in the charts below, the $4.76 billion US public pension has a target allocation to private equity of 6%. The decrease in allocation puts FCERA further from its target. Mr. Donald Kendig is the current Retirement Administrator.

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