Kern County Employees’ Retirement Association reviewed their 2023 private markets plan at the February 8 board meeting.
In private equity, $120 million in new commitments is being targeted for the year. The focus will be on buyout re-ups, secondaries re-ups, and early-stage/sector focused venture capital.
$80 million is expected to be allocated to private credit with a focus on direct lending and complementary non-corporate exposures.
$85 million is expected in new real estate commitments. Real estate commitments will be targeted on US/European opportunistic funds.
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