Tulare County Employees' Retirement Association, Visalia, Calif., approved a commitment of $10 million to Pathway Private Equity Fund Investors 10, a private equity fund of funds managed by Pathway Capital Management.
The board approved the commitment at its meeting Monday, confirmed Leanne Malison, retirement administrator for the $1.7 billion pension fund. TCERA previously committed to the eighth and ninth funds in the series.
The board currently has a target allocation of 5% to private equity.
