San Luis Obispo County (Calif.) Pension Trust is exploring ways to bring its private equity allocation, now roughly 1.5% of the $1.2 billion pension fund, closer to its 5% target, said Carl Nelson, executive secretary and chief investment officer.
Implementation could take one or two years, and no firm decisions have been made, Mr. Nelson said.
Three possible options are commitments to new funds managed by existing private equity fund-of-funds manager HarbourVest Partners, new direct fund commitments or new funds-of-funds commitments.
Interested firms can contact investment consultant Verus to make sure they are in the consultant’s database, Mr. Nelson said.
