Kern County Commits $80M to Private Equity, Private Credit

At the June 12 board meeting, the Kern County Employees Retirement Association (KCERA) approved three commitments to private markets totalling $80 million. 

Two commitments were made to private equity funds managed by Quantum Energy Partners. $45 million was allocated to Quantum Capital Solutions II. An additional $10 million was allocated to Quantum Capital Solutions II-C. 

Lastly, a $25 million commitment was allocated to private credit fund Castlelake Aviation V Stable Yield. 

As of March 31, 2024, the $5.75 billion Retirement Fund allocates 4.3% to private equity and 5.5% to private credit.

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