News & Analysis

OCERS commits $125m to private debt fund

The public pension fund made a commitment to a fund managed by Castlelake.

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Institution: Orange County Employees Retirement System
Headquarters: Santa Ana, US
AUM: $24.5 billion
Allocation to private debt: 5%

Orange County Employees Retirement System announced a $125 million commitment to Castlelake Asset-Based Private Credit III Evergreen during its May investment committee meeting.

Castlelake Asset-Based Private Credit III Evergreen, managed by Castlelake, follows a distressed debt strategy focusing on corporate debt throughout North America and Western Europe.

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