OCERS makes $207.5m in PE commitments

Institution: Orange County Employees Retirement System
Headquarters: Santa Ana, US
AUM: $21 billion
Allocation to private equity: 16.8%

The Orange County Employees Retirement System has revealed six private equity commitments that together total $207.5 million in its latest board meeting.

The pension fund based in Santa Ana, California, made a variety of commitments, with $60 million going to Clearlake Capital Partners VIII, $50 million to TPG Healthcare Partners II and a $7.5 million commitment to Vega Co-Invest managed by Hg.

OCERS made three venture capital-focused commitments, with Spark Capital receiving two commitments: $16.7 million to Spark Capital VIII and $33.3 million to Spark Capital Growth V. On top of this, General Catalyst Group XII – Creation also received a $40 million commitment.

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