Merced County (Calif.) Employees' Retirement Association committed €8 million ($9 million) to Ardian Infrastructure Fund VI.
The $1.1 billion pension fund's board approved the commitment to the infrastructure fund at its meeting on Thursday, said Kristen Santos, retirement plan administrator, in an email.
MercedCERA previously committed $5 million to Ardian Infrastructure Fund V in 2018.
As of June 30, the pension fund's actual allocation to real assets was 5.8%; the target is 5%.
