Ventura County (Calif.) Employees’ Retirement Association committed $50 million to Pantheon Global Secondary Fund V, said recently released board meeting minutes.
The commitment will bring the pension fund closer to its 5% target allocation to private equity, up from its current actual 2.3% allocation.
Henry Solis, chief financial officer for the $4.4 billion pension fund, could not be reached for additional information by press time.
