FUNDRAISING NEWS | February 02, 2024
According to meeting materials from the December 14, 2023 board meeting, the Merced County Employees’ Retirement Association has approved three commitments totalling $17 million to private equity and venture capital.
In private equity, $8 million was allocated to Carnelian Energy Fund V.
A combined $9 million was committed to Spark Capital VIII and Spark Capital Growth V, private equity partnerships focused on venture capital investments in the internet and technology sectors. $3 million was allocated to Spark Capital VIII and $9 million was allocated to Spark Capital Growth V. The commitments must be made simultaneously to both funds.
Private markets consultant, Cliffwater, assisted with these recommendations.
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: Jane Bailey, Marketing Associate
Jane Bailey is a Marketing Associate at Dakota.
November 07, 2023
January 23, 2024
925 West Lancaster Ave
Suite 220
Bryn Mawr, PA 19010
Tel: (610) 642-1481
© Dakota 2024 | Terms of Service | Privacy Policy | California Privacy Policy