Kern County Committing $125M to Alts

According to meeting materials from the December 11th Investment Committee meeting, the Kern County Employees Retirement Association is looking to commit $125 million, to private equity, private credit, and real estate.

In private equity, $25 million was allocated to Blue Owl Strategic Equity Partners. 

In private credit, $25 million was allocated to Oak Hill Structured Products Fund III. 

In real estate, $75 million was allocated to Oak Street Real Estate Capital Fund VI. 

Investment consultants, Verus and Cambridge Associates, recommended these investments.

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