Merced County Employees’ Commit $16M to Private Equity

The Merced County Employees’ Retirement Association has committed $16 million to three private equity funds.

$8 million was allocated to Summit Partners Europe Equity IV, a growth equity fund managed by Summit Partners.

The other $8 million was allocated between two venture capital funds managed by Khosla Ventures. $6 million was allocated to Khosla Ventures VIII and $2 million was allocated to Khosla Venture Seed F.

As of December 31, 2022, the pension fund allocates 13.8% to Private Equity while they target 15% to the asset class.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

Written By: John Washington, Data Research Analyst

John Washington is the Data Research Analyst at Dakota.

Related Content

Virginia Retirement Commits $1.5B to Alts, Ends Nitorum, Orchard Investments
February 06, 2025

NY State Common Commits $1.5B to Alts in December 2024
February 05, 2025

FCERA Commits $140M to Alts, Invites FI Picks, Targets $125M for Private Markets
February 05, 2025

LACERS Makes $395.1M in Alts Investments, Reviews Q3 2024 Performance
January 17, 2025

LACERA Approves $2.2B in Commitments to Seven Alts Funds
January 03, 2025

The Database For Cold Outreach to Reach Institutional and RIA Investors

Book A Demo

Merced County Employees’ Commit $16M to Private Equity

Subscribe

Related Content

The Database For Cold Outreach to Reach Institutional and RIA Investors

Address

Products & Services

Resources

Events

Company