OCERS approves €35m commitment

The US public pension has backed a European focused fund.

Institution: Orange County Employees Retirement System
Headquarters: Santa Ana, United States
AUM: $16.71bn
Allocation to alternatives: 37.94%
Bitesize: $10-$50m

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.

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