Orange County Employees Retirement System (OCERS) is planning to invest up to $350m (€301.1m) in real assets in 2026, according to the pension fund’s board meeting document.
The actual investment amount under the 2026 pacing plan will depend on investment opportunities approved by the pension fund and its investment consultant, Aksia.
OCERS, which invests globally through funds and co-investments, expects to make between four and six real asset commitments next year, with individual commitments ranging from $50m to $100m.
The pension fund is permitted to invest across infrastructure, energy and timber/agriculture sectors.
The pension fund’s long-term investment plan for the real assets portfolio is to increase infrastructure exposure from 59% to 67% and decrease energy exposure from 40% to 33%. The plan for timber/agriculture involves shifting from the current 1% to a range of 0% to 2%.
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