Institution: Orange County Employees Retirement System
Headquarters: Santa Ana, US
AUM: $21 billion
Allocation to real estate: 7.4%
The Orange County Employees Retirement System has outlined its 2024 real estate pacing plan.
The pacing plan calls for Orange County to commit up to $150 million to the core real estate portfolio, spread across up to two investments. For the non-core portfolio, OCERS aims to allocate between $150 million and $225 million, with two to four funds receiving between $50 million and $75 million in commitments each.
The pension fund is focused on three main objectives for their non-core portfolio: high conviction re-up commitments, complementary sector/regional exposures and niche investment opportunities with potential for growth.
Alongside the announcement of the pacing plan, OCERS confirmed a $75 million commitment to opportunistic real estate fund Cerebus Institutional Real Estate Partners VI.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
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