OCERS sets its 2024 real assets pacing plan

The Investment Committee for the Orange County Employees’ Retirement System (OCERS) has approved a pacing plan to allocate between $350 million and $400 million of commitments toward real assets during 2024.

As of Sept. 30, 14.1 percent ($2.97 billion) of OCERS’s $21.04 billion portfolio was allocated toward real assets, slightly above its 13 percent target for the asset class.

OCERS reported a 4.1 percent ($847.3 million) gain at fair value on its total investments for the fiscal year that ended on June 30.

Real estate investments posted a loss of 5.7 percent during the fiscal year, while energy investments yielded a 4.8 percent gain and infrastructure investments generated a 6.2 percent return.