VCERA approves $15m in commitments

The US public pension has backed two North America focused private equity funds.

Institution: Ventura County Employees Retirement Association
Headquarters: Ventura, United States
AUM: $5.42bn
Allocation to alternatives: 20.1%

Ventura County Employees Retirement Association announced commitments of $7.5 million each to Drive Capital Fund III and Drive Capital OverDrive Fund I.

The $5.42 million US public pension has a 10 percent target allocation to private equity that currently stands at 4.6 percent.

As illustrated in the charts below, the pension has made two commitments to private real estate funds in the first quarter of 2019, totaling $15 million.

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