Merced County Employees’ Commit $8M to Private Equity

The Merced County Employees’ Retirement Association has committed $8 million to EnCap Flatrock Midstream Fund V. 

The private equity fund managed by EnCap Investments and targets venture capital investments in midstream management teams

As of October 31, 2022, the pension fund allocates 13.9% to private equity while they target 15%.

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