Institution: Ventura County Employees Retirement Association
Headquarters: Ventura, US
AUM: $5.62 billion
Allocation to alternatives: 26.6%
Ventura County Employees Retirement Association has agreed to commit $50 million across two private debt vehicles at its December 2020 retirement board meeting, a contact at the pension informed Private Debt Investor.
As illustrated below, VCERA’s recent private debt commitments have been to vehicles focused on the real estate and corporate sectors in North America. The $5.62 billion US public pension has a 3.0 percent target allocation to private debt that currently stands at 1.80 percent.
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