Merced County Employees Retirement Association has voted to approve an investment of $5 million in Accel-KKR Growth Capital Partners Fund III and $5 million in TCV X.
The $811 million US public pension has a 9 percent target allocation to private equity that currently stands at 4.3 percent.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.
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