Orange County Employees commits $150m to real assets funds

The Orange County Employees Retirement System (OCERS) has committed $75 million to Cerberus Institutional Real Estate Partners VI (CIREP VI) and $75 million to Stonepeak Infrastructure Fund V (SIF V), confirmed Mary-Joy Coburn, director of communications, OCERS.

Managed by Cerberus Capital Management ,CIREP VI is seeking to raise $3 billion of capital and is investing globally and opportunistically in direct properties and debt opportunities.

OCERS also committed $75 million to CIREP V in November 2020.

Managed by New York–based Stonepeak, SIF V is seeking to raise $15 billion and will invest in large, high-quality, essential infrastructure assets primarily within the transportation and logistics, energy and energy-transition, and communications sectors. SIF V will invest primarily within the United States and Canada and has a limit to invest no more than 25 percent of its capital outside of those countries.

Stonepeak also received a $75 million commitm