Orange County Employees Retirement System (OCERS) has approved commitments worth $225m (€194.3m) to real estate and infrastructure funds.
The pension fund disclosed in a board meeting document that the commitments, which were finalised at the end of 2025, included $75m allocations each to the Asana Partners Fund IV and Blackstone GP Stakes III real estate funds.
OCERS also committed $75m to the Stonepeak Opportunities Fund II, a vehicle focused on mid-market infrastructure assets.
Asana Partners has raised $634m for its retail real estate fund and expects a final close in June, according to a Townsend report. The Stonepeak has a $3.5bn target and $4bn hard cap.
According to the pension fund, Blackstone is targeting $5.6bn for its fund, which provides capital solutions to established middle-market and upper-middle market general partners across North America.
The fund intends to make 10 to 15 minority investments, with individual commitments ranging from $200m to $1bn.
Blackstone declined a request for comment.
The Stonepeak has a $3.5bn target and $4bn hard cap.
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