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 . . .
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