Ventura County Employees’ Retirement Commits $120M to Private Credit, Real Assets

The Ventura County Employees’ Retirement Association approved three commitments, totalling $120 million, according to a recording from the September 25th meeting.

In private credit, $20 million was allocated to Bridge Debt Strategies Fund V.

Two commitments were made to real assets. $75 million was allocated to HarbourVest Partners Infrastructure Opportunities Fund III, and $25 million was allocated to Pantheon Global Infrastructure Fund IV.

NEPC assisted with the commitments.

As of July 31, 2023, the $7.8 billion Retirement System had an actual and target allocation to private credit of 6.2% and 8% respectively. The actual and target allocation to real assets was 4.6% and 6% respectively.

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