VCERA approves $50m commitment

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

Institution: Ventura County Employees Retirement Association
Headquarters: Ventura, United States
AUM: $5.57bn
Allocation to alternatives: 20.10%
Bitesize: $10-$50m

Ventura County Employees Retirement Association announced an additional commitment of $50 million to HarbourVest Partners Real Assets Fund IV, totaling a $100 million in total commitments to the fund.

As illustrated in the charts below, the $5.57 billion US public pension has a 13.00 percent target allocation to private equity that currently stands at 4.60 percent. VCERA has committed a total of $180 million to private equity in 2019.

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