VCERA approves $100m commitment

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

Institution: Ventura County Employees Retirement Association
Headquarters: Ventura, United States
AUM: $5.48bn
Allocation to alternatives: 20.1%

The Ventura County Employees Retirement Association (VCERA) announced a commitment of $100 million to LaSalle Growth & Income Fund VIII.

As illustrated in the charts below, the $5.48 billion US public pension has an 8 percent target allocation to private real estate that currently stands at 7.7 percent.

This is VCERA’s first commitment to a US real estate value added fund in 2019.

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