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VCERA approves $60m in commitments

The US public pension has backed two funds with diversified sectors.

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Institution: Ventura County Employees Retirement Association
Headquarters: Ventura, California, US
AUM: $7.08 billion
Allocation to alternatives: 26.6%

Ventura County Employees Retirement Association approved a $35 million commitment to Adams Street Co-Investment Fund V and a $25 million commitment to Bain Capital Special Situations Asia II.

VCERA has a 15 percent target allocation to private equity that currently stands at 11.8 percent.

As illustrated below, the $7.08 billion US public pension’s recent private equity commitments have tended to target funds of funds and co-investments in diversified sectors.

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