Fresno shortlists private credit consultants

The $4.9 billion Fresno County Employees’ Retirement Association (FCERA) has shortlisted firms that will be invited to participate in an RFI to aid with the build-out of the pension’s private credit program.

Making the grade were: Carlyle/AlpInvest; Hamilton Lane; Aksia; Pathway Capital Management; and StepStone Group.

Carlyle/AlpInvest is the incumbent private credit manager overseeing the roughly $725 million in private credit commitments of which $365 million has actually been put to work. According to FCERA financial reports, the asset class had a negative return of -6.6% in the second . . .

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