Ventura County Increasing Target to Private Debt, Non-Core Real Estate

According to materials from the May 20th board meeting, the Ventura County Employees’ Retirement System (VCERA) is making changes to its target asset allocation mix. 

The following was recommended: 

• U.S Equities: 26% 
• Non-US Equity:13%
• Global Equity: 9% 
• Private Equity: 18% 
• Publicly Traded Fixed Income: 10%
• Private Debt: 10%
• Real Assets: 6%
• Real Estate: 8% 

This represents a 2% increase for private debt and reducing the core real estate target from 6% to 4% and increasing the non-core real estate target from 2% to 4%.

NEPC assisted with the recommendations.

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