VCERA approves $50m in commitments

The US public pension has backed two North American private debt vehicles.

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.

The commitments comprised $25 million each to Torchlight Debt Opportunity Fund VII and Crayhill Principal Strategies Fund II.

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.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.