Ventura County Commits $50M to Private Credit

The Ventura County Employees’ Retirement Association has approved two private credit commitments totaling up to $50 million, according to meeting minutes from the June 26 board meeting.

$25 million was committed to the Crayhill Principal Strategies Fund III.

$25 million was also committed to the Crescent Cove Capital Fund IV.

NEPC assisted with both investments.

As of June 30, 2023, the $7.5 billion Retirement Association had an actual and target allocation to private credit of 6.5% and 8% respectively.

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