Merced County (Calif.) Employees' Retirement Association committed $8 million to Genstar Capital Partners X.
The $1.1 billion pension fund's board approved the commitment to the middle-market buyout fund at its Feb. 25 meeting, said Kristen Santos, retirement plan administrator.
The pension fund previously committed $8 million to Genstar Capital Partners IX in 2019.
As of Jan. 31, the pension fund's actual allocation to private equity was 5.8%; the target is 15%.
