The $8.1 billion Ventura County Employees Retirement Association (VCERA) plans to invest $240 million in private debt, according to its 2022 Private Debt Investments Pacing Plan, which was approved at the board’s Jan. 24 meeting.
Trustees also approved VCERA’s inaugural commitment to a venture lending fund.
VCERA’s 2022 private debt pacing plan delivers a $180 million increase from 2021. The pension’s strategy is to maintain an active commitment pace in each vintage year going forward. VCERA will commit an average of $197 million to the private debt class each . . .
Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Annual subscriptions get you the most bang for your buck, including access to Alternatives Watch Research articles and out Annual Investor Compendium.
Monthly subscriptions and discounted corporate plans for up to 100 members also available.