Merced County approves $10m in commitments

The US public pension has backed two North America-focused funds.

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.

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