Institution: Orange County Employees Retirement System
Headquarters: Santa Ana, United States
AUM: $15.8 billion
Allocation to alternatives: 37.11%
Orange County Employees Retirement System announced commitments to three funds: $75 million to Monroe Capital Private Credit Fund III, $75 million to Vista Equity Partners Fund VII, and $25 million to Hellman & Friedman Capital Partners IX. Molly Murphy, Chief Investment Officer, confirmed these fund commitments in an email.
The committee approved the following changes to asset allocations: the target allocation to private equity has increased from 8 to 10 percent, while real assets has decreased from 22 to 18 percent and credit from 13 to 11 percent.
As illustrated in the charts below, the $15.8 billion US public pension has a 10 percent target allocation to private equity that currently stands at 9.2 percent. OCERS has made five commitments in 2018, which combined constitute $300 million.
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