Imperial County ERS Commits $40M to Private Equity

The Imperial County Employees Retirement System has approved $40 million across two investments to private equity and private credit, according to minutes from the November 15th Board meeting.

$10 million was allocated to HarbourVest Global Fund 2023 and $30 million to Sixth Street Diversified Credit Program.

As of June 30, 2023 the $1 billion pension fund allocates 7.6% to private equity with a target of 8%. The actual and target to private credit was 5.1% and 5% respectively.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

Written By: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.

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