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 . . .
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