VCERA approves $25m commitment

The US public pension has backed a North American private real estate vehicle.

Institution: Ventura County Employees Retirement Association
Headquarters: Ventura, US
AUM: $5.62 billion
Allocation to alternatives: 26.6%

Ventura County Employees Retirement Association has approved a $25 million commitment to Torchlight Debt Opportunity Fund VII at its December 2020 retirement board meeting, a contact at the pension informed PERE.

The $5.62 billion US public pension currently allocates 8 percent of its full investment portfolio to private real estate.

As illustrated below, VCERA’s recent private real estate fund commitments have targeted North American vehicles focused primarily on diversified sectors.

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