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 . . .
Continue Reading With a Free Trial
Unlock this article instantly, along with the rest of our premium content, newsletters and mandate charts.
Already a subscriber? Log in.