TCERA approves $10m commitment

The US public pension has backed a multi-regional focused fund.

Institution: Tulare County Employees Retirement Association
Headquarters: Visalia, United States
AUM: $1.63bn
Allocation to alternatives: 16.80%
Bitesize: $10-50m

Tulare County Employees Retirement Association has committed $10 million to Pathway Private Equity Fund Investors 10.

The $1.63 billion US public pension has a 5.00 percent target allocation to private equity that currently stands at 3.90 percent.

As illustrated in the charts below, it’s TCERA’s third commitment to Pathway Capital Management; they previously committed to Pathway Private Equity Fund Investors 8 and Pathway Private Equity Fund Investors 9.

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