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VCERA approves $50m commitment

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

Institution: Ventura County Employees Retirement Association
Headquarters: Ventura, United States
AUM: $5.90bn
Allocation to alternatives: 20.10%
Bitesize: $10-$50m

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.