VCERA approves $44.4m in commitments

The US public pension has backed five private equity funds.

In the first quarter of 2018, Ventura County Employees Retirement Association committed $9.1 million to Battery Ventures XII, $5.1 million to Battery Ventures XII Side Fund, $15 million to The Resolute Fund IV, $7.5 million to M/C Partners VIII and $7.7 million to Buenaventure One.

The $5.4 billion US public pension has a 10 percent target allocation to private equity that currently stands at 4.4 percent.

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