Institution: Ventura County Employees Retirement Association
Headquarters: Ventura, United States
Allocation to alternatives: 20.10%
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.