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VCERA approves $30m commitment

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

Institution: Ventura County Employees Retirement Association
Headquarters: Ventura, United States
AUM: $5.42bn
Allocation to alternatives: 20.1%

Ventura County Employees Retirement Association announced a commitment of $30 million to PIMCO Private Income Fund.

The $5.42 million US public pension has an 8.0 percent target allocation to real estate that currently stands at 7.7 percent.

As illustrated in the charts below, the pension has made two commitments to real estate funds in the first quarter of 2019, totalling $130 million.

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