LP profile · Pension fund
Orange County Employees' Retirement System
Orange County Employees' Retirement System is a pension fund headquartered in United States (North America). Ranked #38 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The Orange County Employees Retirement System (OCERS) was established on January 1, 1945, following Orange County voters' approval to adopt the County Employees Retirement Act of 1937.
- Initially serving fewer than 1,000 members, the system has since grown to manage the benefits for tens of thousands of public employees.
- A significant development occurred in 1962 when OCERS transitioned from a "money purchase plan" to a "defined benefit" plan, fundamentally changing how retiree benefits are calculated and secured.
Source of Capital
- OCERS is a public pension fund, with its capital sourced from three primary streams: contributions from its active members (public employees), contributions from participating employers (the County and other local districts), and returns generated from its investment portfolio.
Major Events
- No information available.
Allocation Strategy
- OCERS allocates capital across a diversified range of asset classes, including global equity, fixed income, and a substantial commitment to private markets.
- The system's private equity portfolio is a key component of its long-term strategy, with a focus on partnerships with buyout, growth equity, and venture capital funds.
- According to its 2023 investment plan, OCERS has a strategic target allocation of 18% to private equity, which includes sub-allocations to venture capital (2%) and growth equity (4%).