VCERA approves $25m commitment

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

Institution: Ventura County Employees Retirement Association
Headquarters: Ventura, United States
AUM: $6.15bn
Allocation to alternatives: 23.20%
Bitesize: $10-$50m

Ventura County Employees Retirement Association has announced a commitment of $25 million to Pantheon Global Secondary Fund VI, a contact at the pension informed Private Equity International.

The $6.15 billion US public pension has a 13.00 percent target allocation to private equity that currently stands at 7.60 percent.

As illustrated below, this is VCERA’s second commitment to a private equity fund in 2020 since committing to five vehicles in 2019.

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