Institution: Kern County Employees’ Retirement Association
Headquarters: Bakersfield, US
AUM: $5.5 billion
Allocation to private debt: 4.5%
The Kern County Employees Retirement Association has revised its private debt pacing plan in order to ensure it reaches its target allocation.
The new pacing plan sees the US pension increase its target private debt allocation from 6 percent to 8 percent, which they are aiming to reach by 2026. To that end, KCERA is increasing their projected commitments from $85 million to $150 million starting in 2024 up until 2026.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.