Kern County Investing $115M to Alts

According to meeting materials from the February 14th board meeting, the Kern County Employees’ Retirement Association is planning to commit $115 million across two alternative investments. 

In private equity, $50 million was recommended for Juniper Capital. Private Equity Consultant, Cambridge Associates, assisted with the recommendation.

Additionally, $65 million was recommended for Elliott Associates L.P. fund. Hedge Fund Consultant, Albourne, recommended this commitment. 

As of January 31, 2024, the $5.2 billion Retirement Fund allocates 3.9% to private equity with a target allocation of 5%. Additionally, 10.2% of the fund is allocated to hedge funds with a target allocation of 10%. 

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Written By: Jane Bailey, Marketing Associate

Jane Bailey is a Marketing Associate at Dakota.


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