Ventura County Allocates $110M to Private Credit Funds

Ventura County Employees’ Retirement Association (VCERA) has selected two funds to commit up to $110 million.

$100 million will be allocated to the PIMCO Corporate Opportunities Fund IV. $50 million was previously committed to Fund III in 2020.

Additionally, a $10 million add-on commitment will be made to the opportunistic credit fund, Pantheon Credit Opportunities Fund II. $40 million was approved for the fund earlier this year. 

Investment consultant, NEPC, assisted with due diligence.

VCERA increased their target allocation to private credit in April 2022 from 6% to 8%. As of September 30, 2022, the actual allocation to private credit was 4.9%.

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Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.