---
title: Merced County Employees’ Commit $16M to Private Equity
description: Merced County Employees’ Commit $16M to Private Equity.
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/san_francisco-Dec-07-2021-05-11-11-12-PM-Apr-04-2024-11-29-18-5176-PM.jpg
---

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# Merced County Employees’ Commit $16M to Private Equity

**Written by: ** John Washington, Data Research Analyst 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/san_francisco-Dec-07-2021-05-11-11-12-PM-Apr-04-2024-11-29-18-5176-PM.jpg)

The Merced County Employees’ Retirement Association has committed $16 million to three private equity funds. 

$8 million was allocated to Summit Partners Europe Equity IV, a growth equity fund managed by Summit Partners. 

The other $8 million was allocated between two venture capital funds managed by Khosla Ventures. $6 million was allocated to Khosla Ventures VIII and $2 million was allocated to Khosla Venture Seed F. 

As of December 31, 2022, the pension fund  allocates 13.8% to Private Equity while they target 15% to the asset class.

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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)

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