Institution: Fresno County Employees’ Retirement AssociationHeadquarters: Fresno, USAUM: $6.96 billionAllocation to real estate: 5%
Fresno County Employees’ Retirement Association revealed its infrastructure pacing plan, recommended by adviser NEPC, during its January board meeting.
The pacing plan recommends FCERA launch its non-core/real assets programme with commitments of $120 million in fiscal year 2025 and $80 million in fiscal year 2026.
NEPC’s plan estimates FCERA will commit an average of $55 million a year from 2027-34. The plan also recommends that $50 million-$90 million of the initial commitments should be made to one or two infrastructure secondaries managers.
Fresno County Employees’ Retirement Association’s portfolio currently has an infrastructure allocation of 5 percent, slightly above the 4 percent target. The infrastructure portfolio amount to $347.89 million.
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