Marin County ERA Approves $120M PE Pacing Plan for 2025

The board of Marin County Employees Retirement Association (ERA) approved a motion to adopt a private equity pacing plan that would commit a total of $120M for 2025 to be split equally between two fund-of-fund vehicles.

According to recently published materials related to the pension’s November 6 meeting, Abbott Capital Management and Pathway Capital Management will receive $60M each, following a recommendation by investment consultant Callan that the allocation would align with the Marin County ERA’s 8% policy target to private equity.

The pension also discussed interest in “exploring” more opportunities into private equity after it paused commitments to the asset class in 2024. Per Dakota data, Marin County ERA last made commitments in private equity back in 2022, allocating $25M each to the previous vintage of both the Abbott and Pathway funds.

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