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VCERA approves $25m commitment

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

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Institution: Ventura County Employees Retirement Association
Headquarters: Ventura, United States
AUM: $5.90bn
Allocation to alternatives: 20.10%
Bitesize: $10-$50m

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

The $5.90 billion US public pension has a 13.00 percent target allocation to private equity that currently stands at 4.60 percent.

As illustrated below, this is VCERA’s first 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.