While shifting PE mandates, Marin County debates more direct involvement in private equity

California pension has relied on a pair of funds of funds managers, Abbott and Pathway, to make investments in its PE portfolio since its inception two decades ago.

ByBrett Johnson

11 February 2026•3 mins read

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Investors North America US Funds of funds Pensions LP News Performance

While shifting PE mandates, Marin County debates more direct involvement in private equity

Abbott Capital Management

Clearlake Capital Group

Marin County Employees' Retirement Association (MCERA)

Pathway Capital Management

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