Institution: Ventura County Employees Retirement Association
Headquarters: Ventura, United States
Allocation to alternatives: 20.10%
Ventura County Employees Retirement Association has announced a commitment of $50 Million to PIMCO Corporate Opportunities Fund III, a contact at the pension informed PERE.
The $5.90 billion US public pension has an 8.00 percent target allocation to private real estate that currently stands at 7.70 percent.
As illustrated below, this is VCERA’s first commitment to a real estate fund in 2020 since committing to three vehicles in 2019.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.