The $8 billion
In addition to Abbott Capital, the county is an investor with funds-of-funds managers
Orange County intends to fund the private equity program at an annual commitment pace of $150 million to achieve vintage year diversification.
As of Sept. 30, the pension fund’s alternative investments portfolio stood at 2.2 percent; the county has a target allocation to the asset class of 5 percent, with a range of 3 percent to 7 percent. Alternative investments may include venture capital, corporate finance, buyouts, energy, oil, gas and timber. Callan Associates serves as the LP’s general consultant.