---
title: Kern County ERA Commits to Real Assets; Terminates EM Equity Manager
description: Kern County ERA Commits to Real Assets; Terminates EM Equity Manager
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/yifan-ma-lVbc4XCaxnk-unsplash.jpg
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# Kern County ERA Commits to Real Assets; Terminates EM Equity Manager

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

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/yifan-ma-lVbc4XCaxnk-unsplash.jpg)

The Kern County Employees’ Retirement Association approved the commitment of $40 million to the ITE Rail Fund, according to notes from the November 1st meeting. 

Additionally, the board approved the termination of Alliance Bernstein Emerging Markets Strategic Core Strategy. A replacement has not yet been determined. Funds will be temporarily invested in the passive Mellon Emerging Markets Stock Index Fund.

As of October 20th, 2023, the $5 billion Retirement Fund has a real and target allocation to private equity of 3.9% and 5.0% respectively.

*For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a *[free trial](https://www.dakota.com/free-trial)* of Dakota Marketplace!*

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