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Friday, October 26, 2018





OCERS Investment Committee Meeting Recap


At its most recent meeting held on Thursday, October 25, 2018, the Investment Committee took the following actions:


  1. Approved a pacing plan for 2019 private real assets commitments and the sub-sector ranges.

  2. Approved the rebalancing of $150 million from a generalist U.S. core open-end real estate manager to two specialist (U.S. core diversified niche property and U.S. core industrial) managers.

  3. The Investment Committee also approved changes to OCERS' asset allocation policy; the new allocation increases risk mitigating strategies (from 5 to 10 percent) and private equity (from 8 to 10 percent), and decreases real assets (from 22 percent to 17 percent) and credit (from 13 to 11 percent).



Updates on Recent Manager Selections


During her "Manager Selections & Terminations Report," Chief Investment Officer Molly A. Murphy provided an update on the most recent manager activity in OCERS' $15.8 billion portfolio. The following mandates were announced at the meeting:

  1. A $75 million commitment to Vista Equity Partners Fund VII, a private equity strategy.

  2. A $25 million commitment to Hellman & Friedman Capital Partners IX, a private equity strategy.

  3. A $75 million commitment to Monroe Capital Private Credit Fund III, a private credit strategy.


As of September 30, 2018, OCERS' total fund was at $15.8 billion.



OCERSí Investment Committee will hold its next meeting at 9 a.m. on Wednesday, November 28, 2018.



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