MCERA approves $5m commitment

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

Institution: Merced County Employees Retirement Association
Headquarters: Merced, United States
AUM: $831.32m
Allocation to alternatives: 33.99%
Bitesize: $5-10m

Merced County Employees Retirement Association has approved a commitment of $5 million to Tailwater Energy Fund IV.

The $831.32 billion US public pension has a 9.0 percent target allocation to private equity which currently stands at 4.56 percent.

This is Merced County Employees Retirement Association first commitment to private equity funds with a 2019 vintage.

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