Searches and Hires

Merced County Employees allocates $19 million to alternatives

Merced County (Calif.) Employees' Retirement Association made commitments and an investment totaling up to $19 million, said Kristen Santos, retirement plan administrator, in an email.

The $750 million pension fund committed up to $5 million each to oil and gas fund EnCap Flatrock Midstream Fund IV, buyout fund Carrick Capital Partners III and ISQ Global Infrastructure Fund II, managed by I Squared Capital.

The pension fund also made a direct investment of $4 million in Senator Global Opportunity Fund, a long/short equity hedge fund managed by Senator Investment Group.

Hedge fund and private equity consultant Cliffwater assisted.