VCERA approves $50m commitment

The US public pension has backed a multi-regional focused fund.

Institution: Ventura County Employees Retirement Association
Headquarters: Ventura, United States
AUM: $5.57bn
Allocation to alternatives: 20.10%
Bitesize: $10-$50m

Ventura County Employees Retirement Association announced a commitment of $50 million to HarbourVest Real Assets Fund IV.

As illustrated in the charts below, the $5.57 billion US public pension has a 13 percent target allocation to private equity that currently stands at 4.60 percent. VCERA has committed a total of $130 million to private equity in 2019.

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