FUNDRAISING NEWS | November 04, 2024
The Fresno County Employees’ Retirement Association has approved three commitments totaling $100M to private credit, private equity, and real estate funds, according to the pension’s latest quarterly report from its retirement investment officer.
Fresno County approved a $30M commitment to Putnam Hill Private Credit Fund, a direct lending fund strategy. Recommended by consultant Aksia, the investment closed on September 12.
The board also approved a $20M allocation to K6 Private Investors, a private equity, corporate finance lower middle market buyout fund strategy. Hamilton Lane recommended the investment, which closed on July 26.
Lastly, a full-year commitment of $50M was allocated to Ares AREOF IV. The investment into the opportunistic real estate fund closed on September 6.
According to its quarterly report, Fresno County saw strong returns in domestic and international equities, bringing total assets in its portfolio to $6.9B.
For more public pension insights and a comprehensive library of public plan minutes, book a demo of Dakota Marketplace! 
