The Marin County Employees Retirement Association has committed $50 million across two private equity funds.
$25 million was committed to both Abbott Capital 2023 and Pathway Private Equity Fund 11. Abbott and Pathway are existing managers for the Retirement Association.
Separately, it was also approved to terminate the Colchester Global Investors account, according to meeting minutes from the September 28 investment meeting. The termination was a result of approving a 50/50 split fixed income structure between Wellington and Western Asset Management. Colchester managed approximately $147 million for Marin County as of June 30, 2022.
Investment consultant, Callan, assisted with the recommendations.
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