At its Sept. 26 meeting, the Board of Trustees of the $7.5 billion Ventura County Employees’ Retirement Association (VCERA) approved a $25 million commitment to Adams Street Global Secondary Fund VII and a $50 million commitment to VWH Master Fund III, CIO Dan Gallagher confirmed.
The board also revived a proposal from VCERA staff to raise the annual retainer fee for its general consultant NEPC.
At its April 18, 2022, meeting, the board increased VCERA’s target allocation to private credit to 8% from 6% for a globally diversified private credit program over three . . .
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