Ventura County (Calif.) Employees’ Retirement Association committed $75 million to VWH Master Fund IV.
The $8.5 billion pension fund’s board approved the commitment to the private credit fund managed by VWH Capital Management at its Jan. 27 meeting, a webcast of the meeting showed.
VCERA previously committed $50 million to VWH Master Fund III in 2022.
As of Dec. 31, the pension fund’s actual allocation to private credit was 8%; the target is 10%.
Investment consultant NEPC assisted.
