FUNDRAISING NEWS | May 02, 2023
The Merced County Employees’ Retirement Association has committed $23 million to two alternative funds, according to meeting minutes from the March 23 board meeting.
Up to $8 million was committed to energy private equity fund, EnCap Energy Capital Fund XII, managed by EnCap Investments.
Up to $15 million was committed to multi-strategy hedge fund, Hudson Bay Capital L.P.
As of February 28, 2023, the $1.1 billion pension fund allocates 13.7% to private equity and 10.15% to hedge funds. They have target allocations of 15% and 10% to the respective asset classes.
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.
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