The board of the Orange County Employees Retirement System, Santa Ana, Calif., committed $150 million to two alternative investment funds.
Pension officials Wednesday committed $75 million each to EQT Infrastructure V, a fund that makes control-oriented investments in midsize infrastructure and infrastructure-like assets and companies, and Crayhill Principal Strategies Fund II, a fund focused on asset-based lending managed by Crayhill Capital Management.
Separately, OCERS approved a private equity pacing plan in which it would commit $275 million in 2021 and $700 million in 2022, as it seeks to move its portfolio toward a 13% private equity target allocation.
OCERS' plan calls for it to make commitments of $20 million to $100 million each to 10 to 13 funds or strategies.
