---
title: Fresno CERA Reviews Commitment Targets for Private Credit, Private Equity
description: Fresno CERA Reviews Commitment Targets for Private Credit, Private Equity
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/evan-wise-Z_1zVO2ssRA-unsplash.jpg
---

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# Fresno CERA Reviews Commitment Targets for Private Credit, Private Equity

**Written by: ** Jane Bailey, Marketing Associate 

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The Fresno County Employees’ Retirement Association recently reviewed the Fund’s Private Credit Portfolio and 2024 objectives and the Private Equity Portfolio and 2024 objectives at their November board meeting.  

Highlights from the Aksia presentation on the Private Credit portfolio objectives include:

- Annual commitment pace of $200M - $250M through 2025; $300M - $350M thereafter
- Commingled fund structures
- Commitment sizes of $20M - $50M
- Primarily U.S./North America; some global

Highlights from the Hamilton Lane presentation on the Private Equity portfolio objectives include:

- Targeting $125M in commitments for 2024
- Focus on committing to core existing managers
- Commitment sizes of $10M - $25M
- North America focus with secondary focus on Europe

As of September 30, 2023, the $6 billion Retirement Fund had an actual and target allocation to private equity of 8.6% and 8.0% respectively. The actual and target allocation to private credit was 7.3% and 8% respectively.

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 Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Private Equity](https://dakotafunds.com/dakota-funds/tag/private-equity), [Private Credit](https://dakotafunds.com/dakota-funds/tag/private-credit)

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