Ventura County (Calif.) Employees’ Retirement Association committed $50 million to Arbour Lane Credit Opportunity Fund IV.
The $8.3 billion pension fund’s board approved the commitment to the credit special situations fund managed by Arbour Lane Capital Management at its Sept. 9 meeting, a webcast of the meeting showed.
VCERA previously committed $30 million to Arbour Lane Credit Opportunity Fund III in 2021.
As of June 30, the pension fund’s actual allocation to private credit was 7.6%; the target is 10%.
Investment consultant NEPC assisted.
