According to meeting materials from the December 11th Investment Committee meeting, the Kern County Employees Retirement Association is looking to commit $125 million, to private equity, private credit, and real estate.
In private equity, $25 million was allocated to Blue Owl Strategic Equity Partners.
In private credit, $25 million was allocated to Oak Hill Structured Products Fund III.
In real estate, $75 million was allocated to Oak Street Real Estate Capital Fund VI.
Investment consultants, Verus and Cambridge Associates, recommended these investments.
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