Institution: Orange County Employees Retirement System
Headquarters: Santa Ana, United States
Allocation to alternatives: 37.94%
Orange County Employees Retirement System approved a commitment of €35 million ($40 million) to H.I.G. Europe Middle Market LBO Fund.
The US public pension has an 8.0 percent target allocation to private equity that currently stands at 9.88 percent.
The LP has made 3 commitments to funds with a 2019 or 2020 vintage, which combined constitute $90 million.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.