Ventura County (Calif.) Employees’ Retirement Association committed $25 million to HarbourVest Co-Investment Fund VII.
The $8 billion pension fund’s board approved the commitment to the private equity co-investment fund managed by HarbourVest Partners at its March 25 meeting, a webcast of the meeting said.
VCERA previously committed $35 million to HarbourVest Co-Investment Fund VI in 2021.
As of Feb. 29, the pension fund's actual allocation to private equity was 17.9%; the target is 18%.
Investment consultant NEPC assisted.
