Ventura County (Calif.) Employees' Retirement Association committed $35 million to HarbourVest Partners Co-Investment Fund VI.
The $7.1 billion pension fund's board approved the commitment to the private equity co-investment fund managed by HarbourVest Partners at its meeting Monday, said Dan Gallagher, chief investment officer, in an email.
VCERA previously committed $35 million to HarbourVest Partners Co-Investment Fund V in 2018 and $30 million to HarbourVest Partners Co-Investment Fund IV in 2017.
As of March 31, the actual allocation to private equity was 11.8%; the target is 15%.
Investment consultant NEPC assisted.