North America: Merced County Employees Retirement Association commits to two infra funds

05 October 2018 - 12:00 am UTC

The Merced County Employees Retirement Association (MCERA) approved two commitments for its infrastructure portfolio during its latest board meeting, a spokesperson for the pension fund told Inframation.

The pension selected Ardian Infrastructure Fund V and Blackrock Global Energy & Power Infrastructure Fund 3. MCERA committed USD 5m to each vehicle.

During the same meeting the pension reviewed an asset allocation revision proposition from its investment consultant Meketa. Meketa, along with the pension’s other consultant, Ciffwater, are scheduled to make a formal recommendation after discussing possibilities for the pension with each other, the spokesperson added.

MCERA has made several commitments similar in size to at least six other infrastructure funds, according to Inframation deals. The portfolio includes KKR Global Infrastructure Investors III (USD 5m), North Haven Infrastructure Partners II (USD 10m), ISQ Global Infrastructure Fund II (USD 5m), and others.

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Merced County Employees Retirement Association