Merced County Employees' Retirement Association

About Merced County Employees' Retirement Association

Merced County Employees' Retirement Association is a public pension fund whose investment portfolio was worth $1.26 billion as of October 31, 2024. It invests in private equity, real estate, hedge funds, infrastructure, real assets, natural resources, publicly traded equities, fixed-income securities and cash. Returns over 1 year, 3 years, 5 years and 10 years were 19.4%, 4.3%, 9.2% and 7.9%, against benchmark returns of 19.6%, 4.7%, 9.0% and 7.8%, respectively. The private equity portfolio was valued at $192.29 million on October 31, 2024, which is 15.2% of the total portfolio and up from $188.57 million on September 30, 2024. That puts it overweight against the 15% target allocation, though still inside the target range of 5% to 20%. As of the same date, private equity returns for 1 year, 3 years, 5 years and 10 years were 7.3%, 10.3%, 16.3% and 13.0%, versus benchmark returns of 21.1%, 9.9%, 18.9% and 16.0%, respectively. Private equity holdings include buyouts, debt, secondaries, diversified private equity, private equity growth expansion and venture capital strategies. The real asset portfolio was valued at $72.31 million as of October 31, 2024. The board of directors governs the fund's investments, and Mr. Ryan Paskin chairs the board. Cliffwater and Meketa Investment Group act as LP Consultants.

Real estate mandate

Contacts at Merced County Employees' Retirement Association