Orange County Retirement System Commits $304M to Alts; Terminates Two Managers

The Orange County Employee Retirement System (OCERS) has disclosed 7 recent commitments totalling $304 million at their August 30th board meeting.

In private equity, $50 million was committed to American Industrial Partners Fund VIII, $30 million was committed to Investindustrial Growth III, $50 million was committed to TCG Crossover Fund II, $75 million was committed to EnCap Energy Capital Fund XII, $40 million was allocated to Altaris Health Partners VI, and $9.5 million was allocated to Cinven Arrow.

Within private credit, $50 million was committed to Ares Pathfinder II Fund.

Two manager terminations were also disclosed according to the public plan minutes. The Beach Point Dynamic High Yield Fund was terminated. The market value of the account at the time of termination was approximately $107 million. The Pharo Macro Hedge Fund was also terminated. The market value of the account at the time of termination was approximately $103 million.

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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