Publications

Investors - JULY 2, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

OCERS backs Waterton Residential Property Venture XIV

by Kali Persall

The $16.2 billion Orange County Employees Retirement System (OCERS) recently committed $75 million to the Waterton Residential Property Venture XIV, a value-added fund managed by Waterton.

Launched in March, Waterton Residential Property Venture XIV is structured as a Delaware onshore LP vehicle and is believed to be targeting $1.25 billion, according to IREI’s FundTracker database.

OCERS is the latest in a series of U.S. pension funds to make commitments to the fund. Others include the Los Angeles City Employees Retirement System, the Kansas Public Employees Retirement System, the Maryland State Retirement and Pension System, and the Ohio Police & Fire Pension Fund.

OCERS could not be reached to comment on the investment at the time of publication.

As of March 31, the pension fund had a 13.8 percent allocation to the real assets class, which includes real estate, against a 17 percent target. The real assets portfolio was valued at $2.2 billion.

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.