Orange County Employees Retirement System, Santa Ana, Calif., plans to launch an RFP for discretionary private equity firms, said Robert Kinsler, spokesman for the $13 billion pension fund.
The size of the allocation could not be learned by deadline.
Incumbent managers Abbott Capital Management, Adams Street Partners, Mesirow Financial and Pantheon Ventures will be invited to rebid. Abbott Capital manages $313 million; Adams Street, $237 million; Mesirow, $111 million; and Pantheon Ventures, $16 million. The RFP is expected to be released in the next 30 to 45 days. The RFP will be posted on OCERS’ website.
Interested firms may register at [email protected] with a one-line e-mail containing their contact information.
Separately, OCERS approved a $125 million commitment to a forthcoming real estate debt fund of real asset manager Kayne Anderson Capital Advisors, subject to due diligence and contract negotiations. Further information was unavailable by press time.
OCERS has invested with Kayne Anderson in the past, including $100 million for midstream energy investments in 2015.