The Ventura County Employees’ Retirement Association plans $200 million in commitments this year, $250 million in 2025 and a combined $1.4 billion between 2026 and 2028. While many LPs have been pulling back, VCERA has aggressively increased its $7.9 billion fund exposure to PE — including venture capital — rising from four percent to its current 18 percent of the portfolio in just eight years. Here’s four PE firms that will cash in this year on its bullish call.
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