Fresno County Employees’ Retirement Association (FCERA) has established an $80m (€67.9m) infrastructure pacing plan for the 2026 calendar year.
According to a board meeting document from the pension fund’s investment consultant, NEPC, the capital will be deployed through a mix of primary funds and potential secondary market investments.
The 2026 pacing plan targets a diversified mix of core infrastructure, secondaries and infrastructure debt, alongside core-plus and value-add strategies focused on mid-market assets.
NEPC said ex-US infrastructure offers compelling diversification and risk-adjusted returns as it identifies digital and power as priority sectors for the allocation.
FCERA disclosed in the board document that it made a $25m commitment to the Asia-focused Seraya Partners Fund II fund.
The fundraising target for the vehicle has not been disclosed. The previous fund in the series reached a final close of approximately $800m in late 2023.
The fund series targets mid-market energy transition and digital infrastructure assets across the Asia-Pacific region.
FCERA has also committed $20m to the CVI Aviation Income Fund A II, a vehicle focused on commercial aircraft and related assets.
According to a recent SEC filing, the fund had secured $117.3m in commitments as of January 2026.
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