The Fresno County (Calif.) Employees’ Retirement Association (FCERA) has completed three private investments totaling $95 million in new commitments to infrastructure funds in June and July.
The pension fund has committed $35 million to the NOVA Infrastructure Fund II, a value-added fund managed by NOVA Infrastructure; $25 million to the Palistar Digital Infrastructure Fund III, a core-plus fund digital infrastructure fund managed by Palistar Capital; and $35 million to the Ares Secondaries Infrastructure Solutions Fund III, a secondaries fund managed by Ares Management.
According to a board meeting document from Aug. 6, the commitments were approved in February.
