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Marin County puts $15 million in Pathway private equity fund of funds

Marin County Employees’ Retirement Association, San Rafael, Calif., committed $15 million to Pathway Capital Management’s Private Equity Fund Investors IX, a fund of funds, pending successful contract negotiations and any final due diligence, said recently released board meeting minutes.

The pension already has committed more than $150 million total to other Pathway funds.

As of June 30, the $2.1 billion pension fund had an 8% private equity target

Jeff Wickman, retirement administrator, could not immediately be reached for additional information.