Fresno County (Calif.) Employees’ Retirement Association committed $70 million to private equity fund of funds Hamilton Lane Private Equity Fund IX, said Donald Kendig, retirement administrator, in an e-mail.
The $3.9 billion pension fund previously committed $70 million to Hamilton Lane Private Equity Fund VI.
Separately, the retirement association named Kennedy Wilson and TA Associates Realty as finalists in its search for value-added real estate manager, and Oaktree Capital Management and Gerding Edlen Development as opportunistic real estate finalists.
The pension fund plans to commit $30 million and $20 million to a value-added and opportunistic manager, respectively.
Finalist presentations will take place at the Nov. 4 board meeting.
The pension fund has 5% and 6% real estate and private equity targets, respectively.