Print this Page

OCERS EXTRA

 

 

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.

 

 

Close Window