Institution: Orange County Employees Retirement System
Headquarters: Santa Ana, United States
AUM: $17.74 billion
Allocation to alternatives: 31.07%
Orange County Employees Retirement System approved a $50 million commitment to Oak HC/FT Partners Fund IV at its March 2021 board meeting, a contact at the pension informed affiliate publication Private Equity International.
In February, Oak announced it raised $1.4 billion for the fund to invest in the healthcare and fintech sectors.
OCERS has a 13 percent target allocation to private equity that currently stands at 11.05 percent.
As illustrated below, the $17.74 billion US public pension’s recent private equity commitments have tended to target venture capital and growth equity funds in North America, Europe and Asia.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy, and fund investments.