Insight

Fresno County adds $50m in commitments

The Fresno County Employees' Retirement Association committed to three buyout-focused funds, with $20m to Sterling Group Partners VI, $20m to JFL Equity Investors VI and $10m to Bridgepoint Development Capital V.

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Institution: Fresno County Employees’ Retirement Association
Headquarters: Fresno, US
AUM: $6.3 billion
Allocation to private equity: 8.5%

The Fresno County Employees’ Retirement Association has added three commitments to their private equity portfolio.

The US public pension fund made a $20 million commitment to Sterling Group Partners VI, a North American buyout fund targeting a $2.75 billion close for its fund investing in industrials. Another $20 million was also allocated to JFL Equity Investors VI, a similar buyout-focused fund which reached a second close in January at $1.18 billion.

In addition, $10 million was allocated to Bridgepoint Development Capital V, a diversified buyout fund managed by Bridgepoint investing in Western Europe.

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