Fresno County readies 2022 private markets investments  

The approximately $6.5 billion Fresno County Employees' Retirement Association (FCERA) intends to commit $480 million to private markets investments in 2022, according to a March 16 private markets review delivered to the fund’s board by FCERA Investment Officer Douglas Kidd.  

The review addressed FCERA’s Infrastructure, real estate, private equity and private credit strategies and  its near-term investment plans for private investments. The fund’s overall allocation targets for the subclasses are as follows: 4% infrastructure (currently 3.7%); 8% real estate (currently 6.5%); 8% private equity (currently 7.4%); and 8% private . . .

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Mark Fortune

Mark Fortune has more than 30 years of experience as a financial writer and editor, with a focus on institutional investment management. He has worked in various editorial roles at organizations that include Institutional Investor, Pageant Media, Markets Group and, most recently, at New York investment management firm Cohen & Steers.

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