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Thursday, August 2, 2018





Investment Committee Meeting Recap


At its regular meeting on July 26, 2018, OCERS' Investment Committee took several actions related to the fund's $15.7 billion portfolio.


  1. OCERS made a commitment of $75 million to Thoma Bravo Fund XIII, the flagship fund.

  2. OCERS made a commitment of $25 million to Accel-KKR Growth Capital Partners III, L.P. ("Growth III").

  3. OCERS made a commitment of $75 million to Almanac Realty Securities Fund VIII pending final legal negotiations.


In other action, the Investment Committee received a detailed report on OCERS' 1st Quarter 2018 real estate performance.


Since inception for the period ended March 31, 2018, OCERS' real estate portfolio has delivered a 9.1 percent net IRR (Internal Rate of Return) and a 1.5x investment multiple. OCERS' closed-end investments have generated a 13.2 percent net IRR and a 1.3x investment multiple. OCERS' open-end investments have generated an 11 percent net IRR and a 1.7x investment multiple.



Investment Committee Hosts Blockchain & Cryptocurrency Discussion


During the July 26 meeting OCERS' Investment Committee hosted a discussion featuring Bill Maurer, Ph.D., that focused on the evolution and role of Cryptocurrency and Blockchain in today's financial market.


Mr. Maurer is dean of the School of Social Sciences and professor of anthropology; criminology, law and society; and law at the University of California, Irvine. An anthropologist, he is one of the world's leading experts on money's artifacts and technological systems, from cowrie shells to credit cards.



OCERSí Board of Retirement will hold its next meeting at 9 a.m. on Monday, August 20, 2018. OCERS' Investment Committee will meet at 9 a.m. on Thursday, August 30, 2018.



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