VCERA approves $40m commitment

The US public pension has backed a North America focused private equity fund.

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

Ventura County Employees Retirement Association announced a commitment of $40 million to Dover Street X.

The $5.42 billion 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 three commitments to private real estate funds in 2019, totaling $55 million.

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