2 more advisers, 36 more managers, 99 more commitments and 95 more dated events

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Orange County Employees Retirement System

Public pensionmunicipal· California

Public pension, based in California, reporting $22B in assets, for 52,644 participants.

Composed from this allocator's classification, location and filed figures.

Assets
$22B
Private allocation
28.0%
Fund commitments
101
Managers
26
As of · the latest dated event for this allocator; each figure carries its own filing or report date

What may matter next

A pattern DFX replayed against history, using only what was known on each date, points at this record. The rate belongs to the pattern, not to this entity; what already happened is below.

Allocators · Re-upWindow to Sep 2027

O••••• C••••• E•••••••• R••••••••• S•••••

Emerging

Watch for: commits to the successor fund by Sep 2027.

What DFX sees in the record
  • DerivedO••••• C••••• E•••••••• R••••••••• S••••• h•••• A•••• S••••• 2••• N••••• F••• a•• t•• m•••••••• n••• f••• i• t••• s•••••• A•••• S••••• 2••• N••••• F••• L•• i• o••• ••••• n•• r•••••••••
  • DerivedN• c••••••••• t• t•• n•• f••• a•••••• o• t•• p••••• f•••••• y•••
Why it matters

This allocator committed to the prior fund of a series that now has a successor fund. Existing LPs are the first calls in any raise, so this is the re-up list for the GP, and for a competing GP it shows whose capital may be in play.

Who this is for

GPs raising a successor fund, placement agents, and competing GPs in the same strategy.

Can you reach them

Decision maker identified; no contact route on file yet.

Read with care: the rate belongs to the pattern, not to this one; it is not a forecast.

How the pattern measured, and every other entity on it: re-up prospects.

What matters now

  1. $420M
    approved, 3 funds

    $420M approved across 3 funds on 26 Aug 2026: ICG Global Total Credit $250M, ArchiMed MED IV & MED Platform III $95M, GTCR Fund XV/B $75M.

    26 Aug 2026 · 2 new manager relationships.

    Factboard minutes, 26 Aug 2026For GPs raising in these strategies, placement agentsBoard record →
  2. $325M
    new managers

    2 new manager relationships: ICG Global Total Credit, $250M; GTCR Fund XV/B, $75M.

    26 Aug 2026 · The board is adding managers, not only re-upping, so a new GP can get in.

    Factboard minutes, 26 Aug 2026Board record →
  3. 28%
    private markets target

    Changed its allocation policy last month.

    A new target moves money between asset classes before any manager is hired.

    Factthe plan's investment policyPolicy →
  4. 2
    re-up prospects

    2 re-up prospects were flagged in the last twelve months: managers it backed raising a successor fund.

    Managers it already backs are raising again; a re-up decision is coming.

    Inferencea successor fund observed for a manager the plan backsRe-up prospects →

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
Orange County Employees Retirement System
Funds committed to
All 58
Managers
All 39
Size, funding, policy and commitments, with their basesPublic pensionShow
Public pension
Assets
$22B
Total assets, Jun 30, 2024 reported
Funded
not on record
not filed
Private markets target
28.0%
policy Dec 31, 2025
Commitments
101
12 dated closings
Allocation policy
ACFR, as of Dec 31, 2025
Asset class (as printed)BucketTargetRangeActualGapBasis
CashCash0.0%0% to 5%5.0%+5.0reported ocers.org
Income StrategiesFixed income17.0%12% to 22%15.0%-2.0reported ocers.org
Risk MitigationHedge / diversifiers10.0%6% to 14%7.0%-3.0reported ocers.org
Unique StrategiesOther0.0%0% to 5%1.0%+1.0reported ocers.org
Private EquityPrivate equity15.0%10% to 20%18.0%+3.0reported ocers.org
Global Public EquityPublic equity45.0%38% to 52%42.0%-3.0reported ocers.org
Real AssetsReal assets13.0%8% to 18%12.0%-1.0reported ocers.org
Consultants and advisers
5 firms

+2 more consultants and advisers advise this allocator

Every name, record and relationship behind this count, with the source on each.

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People
1 role
Manager roster
39 managers on the commitment tape
From the plan’s own commitment disclosures

+36 more managers received commitments

Every name, record and relationship behind this count, with the source on each.

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What changed
100 events
  • Sep 23, 2026re up prospect resolvedreport dateinference
    Re-up prospect for Spark Capital Growth Fund VI-A, L.P.: condition no longer holds; not judged
    with Spark Capitalno URL
  • Sep 23, 2026re up prospect resolvedreport dateinference
    Re-up prospect for Spark Capital Growth Fund VI, L.P.: condition no longer holds; not judged
    with Spark Capitalno URL
  • Sep 23, 2026Re-up prospectreport dateinference
    Orange County Employees Retirement System holds Spark Capital Growth Fund IV ($33M); the manager is raising: Spark Capital Growth Fund VI, L.P. (fundraising, seen 2026-09-23); no commitment to it on the graph; 1 fund(s) of the series between them not held either
    with Spark Capitalno URL
  • Sep 23, 2026Re-up prospectreport dateinference
    Orange County Employees Retirement System holds Spark Capital VII ($17M); the manager is raising: Spark Capital IX, L.P. (fundraising, seen 2026-09-23); no commitment to it on the graph; 1 fund(s) of the series between them not held either
    with Spark Capitalno URL
  • Sep 14, 2026Re-up prospectreport dateinference
    Orange County Employees Retirement System holds Oak HC-FT Partners IV ($50M); the manager is raising: Oak HC/FT Partners VI, L.P. (fundraising, first ADV report 2026-09-14); no commitment to it on the graph; 1 fund(s) of the series between them not held either
    with OAK Hcft Management Company LLCno URL

+95 more dated events

Every name, record and relationship behind this count, with the source on each.

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Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Commitments
102 rows, 2 dated closings
DateFundManagerBucketAmountVintageStatusSource
as of Aug 26, 2026ICG Global Total CreditICGFixed income$250MApprovednew managerocers.org
as of Aug 26, 2026ArchiMed MED IV & MED Platform IIIArchimedPrivate equity$95.0MApprovedocers.org
as of Aug 26, 2026GTCR Fund XVGtcr LLCPrivate equity$75.0MApprovednew managerocers.org

+99 more commitments

Every fund and manager this allocator committed to, with the amount, date and source on each.

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Size and funding
57 readings
Total assets
$22B Jun 30, 2024 reported Census ASPP
$20B (2023-06) · $23B (2022-06)
Fiduciary net position
$22B Jun 30, 2024 reported Census ASPP
$20B (2023-06) · $22B (2022-06)
Long-term investments
$22B Jun 30, 2024 reported Census ASPP
$20B (2023-06) · $23B (2022-06)
Total pension liability
$4.8B Jun 30, 2024 derived Census ASPP
$5.4B (2023-06) · $2.1B (2022-06)
Discount rate
7.00% Jun 30, 2024 reported Census ASPP
7.00% (2023-06) · 7.00% (2022-06)
Participants
52,644 Jun 30, 2024 derived Census ASPP
50,633 (2023-06) · 49,075 (2022-06)
Active members
22,782 Jun 30, 2024 derived Census ASPP
22,061 (2023-06) · 22,011 (2022-06)
Beneficiaries
21,283 Jun 30, 2024 reported Census ASPP
20,678 (2023-06) · 19,826 (2022-06)
Benefits paid
$1.2B Jun 30, 2024 reported Census ASPP
$1.1B (2023-06) · $1.0B (2022-06)
Investment expense
$169M Jun 30, 2024 reported Census ASPP
$146M (2023-06) · $132M (2022-06)
Commitment history
13 decisions the board record started
VehicleManagerAmountStateProposedApprovedClosedFirst reportedOther LPs
Collective Global Fund II, L.P.Collective Global Management, L.P.$150Mclosed--Jul 1, 2026--
LS Power Equity Partners VI, L.P.n/a$80.0Mclosed--May 29, 2026-4
ArchiMed MED IV & MED Platform IIIArchimed$95.0Mapproved-----

+10 more board decisions

Every name, record and relationship behind this count, with the source on each.

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Provenance
Identifiers: Census PID6 188667
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 23, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.

Not yet on record: funded ratio.

Capital chain

Orange County Employees Retirement System sits on 176 traced paths of capital across the graphs.

Allocator commitments to a managerConsultant to allocator to managerAllocator to PE fund to manager to company

DFX traced 176 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

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Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

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Record history

99 dated events on the change ledger, latest first
  • Re up prospect resolved
    2026-09-23
  • Re up prospect resolved
    2026-09-23
  • Re up prospect
    2026-06-23

+96 more changes on this record's ledger

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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

›Connections

every published relationship on the graph

+89 connections on the graph

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