Merced County (Calif.) Employees' Retirement Association committed $8 million to Encap Flatrock Midstream Fund V.
The $1 billion pension fund's board approved the commitment to the oil and gas fund at its meeting on Thursday, said Kristen Santos, retirement plan administrator, in an email.
The pension fund previously committed $5 million to Encap Flatrock Midstream Fund IV in 2018.
As of Oct. 31, the pension fund's actual allocation to real assets was 5.5%; the target is 5%.
