Merced County (Calif.) Employees’ Retirement Association committed up to $6 million to GTCR Strategic Growth Fund II.
The $1.3 billion pension fund’s board approved the commitment to the middle-market buyout fund at its Dec. 12 meeting, recently released meeting minutes showed.
The pension fund previously committed up to $8 million to GTCR Strategic Growth Fund I in 2021.
As of Oct. 31, the pension fund’s actual allocation to private equity was 15.2%; the target was 15%.
