Investors

Fresno seeks private equity and credit SMA manager

The California retirement system wants to hire a firm to handle both private equity and credit strategies in a separate account format to get up to its 14% target allocation.  

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The Fresno County Employees' Retirement Association (FCERA) is looking for a private equity and credit separate account manager.

The $4 billion California pension, which has a 14 percent target to the asset classes, is underweight in the area with current invested assets at about 4.3 percent, Donald Kendig, retirement administrator at FCERA, told PDI .

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