Public Pension · CA, USA
Kern County Employees' Retirement Association
79 fund investments across 45 managers in opportunistic, private credit, private equity and real assets, as last reported 2026-06-30.
Fund investments
79
As of 2026-06-30
Managers
45
Reported NAV
…
Top-10 concentration
…
Share of reported NAV in the ten largest funds
Where the NAV sits
Each rectangle is a fund, sized by current NAV and colored by strategy.
NAV by strategy
Current reported value by top-level strategy.
Commitments by vintage
Capital committed to funds of each vintage year.
Portfolio Holdings
79 fund investments
Fund Name | Vintage | Strategy | Sub-Strat | Geo | Commit | NAV | IRR | TVPI | DPI | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Abbott Capital PE VI | 2008 | Private Equity | Fund of Funds | Global | $50.0M | $1.1M | 15.3% | 1.91x | 1.88x | |
| Accel-KKR Capital Partners VII, LP | 2023 | Private Equity | Buyout | North America | $25.0M | $3.1M | — | 1.34x | 0.02x | |
| Ares Partners Fund III | 2026 | Private Credit | — | — | $40.0M | $0 | — | — | — | |
| Ares Pathfinder II | 2023 | Private Credit | Direct Lending | Global | $30.0M | $20.5M | 16.5% | 1.34x | 0.03x | |
| Ares Pathfinder III | 2026 | Private Credit | Direct Lending | Global | $40.0M | $0 | — | — | — | |
| Ares Senior Direct Lending III | 2023 | Private Credit | Direct Lending | North America | $30.0M | $15.1M | 17.3% | 1.38x | 0.12x | |
| Atlas Capital Resources V LP | 2026 | Private Equity | Buyout | Global | $90.0M | $3.7M | — | 0.50x | 0.01x | |
| Blue Owl Strategic Equity | 2024 | Private Equity | Secondaries | Global | $25.0M | $5.2M | — | 1.56x | 0.93x | |
| Blue Owl Strategic Equity Holdco | 2024 | Private Equity | Buyout | North America | $25.0M | $0 | — | 2.09x | 2.09x | |
| Blue Torch Credit Opportunities Fund II | 2020 | Opportunistic | Multi Strategy | Global | $20.0M | $11.9M | 7.8% | 1.20x | 0.52x | |
| Blue Torch Credit Opportunities Fund III | 2022 | Opportunistic | Multi Strategy | Global | $40.0M | $36.5M | 15.0% | 1.33x | 0.42x | |
| Blue Torch Credit Opportunities Fund IV | 2025 | Opportunistic | Multi Strategy | Global | $25.0M | $9.4M | 22.0% | 1.11x | 0.04x | |
| Brighton Park Capital Fund I | 2021 | Private Equity | Growth Equity | North America | $30.0M | $38.7M | 12.0% | 1.66x | 0.29x | |
| Brighton Park Capital Fund II | 2022 | Private Equity | Growth Equity | North America | $30.0M | $23.3M | 7.0% | 1.15x | 0.17x | |
| Brookfield Real Estate Finance Fund V | 2017 | Real Assets | Real Estate Equity | Global | $50.0M | $5.6M | 4.0% | 1.14x | 1.00x | |
| Castlelake Aviation V Stable Yield Fund, LP | 2023 | Opportunistic | Multi Strategy | Global | $30.0M | $9.1M | 34.0% | 1.45x | 0.14x | |
| Cerberus Business Finance V | 2023 | Private Credit | Specialty Finance | Global | $30.0M | $22.9M | 15.3% | 1.37x | 0.46x | |
| Covenant Apartment Fund X | 2020 | Real Assets | Real Estate Equity | North America | $30.0M | $23.9M | 5.8% | 1.35x | 0.42x | |
| Covenant Apartment Fund XI | 2022 | Real Assets | Real Estate Equity | North America | $30.0M | $32.3M | 7.6% | 1.65x | 0.11x | |
| Covenant Apartment Fund XII | 2025 | Real Assets | Real Estate Equity | North America | $30.0M | $8.2M | -0.9% | 1.31x | 0.01x | |
| Crown Global Secondaries Fund VI | 2023 | Private Equity | Secondaries | Global | $30.0M | $15.0M | 33.5% | 1.33x | 0.00x | |
| Crown Global Secondaries V Master S.C.Sp | 2021 | Private Equity | Secondaries | Global | $50.0M | $38.9M | 14.7% | 1.46x | 0.36x | |
| DC Value Recovery Fund IV | 2015 | Opportunistic | Distressed Debt | North America | $74.4M | $8.1M | — | 0.75x | 0.64x | |
| Fortress Credit Opportunites Fund V Expansion | 2020 | Private Credit | Direct Lending | Global | $40.0M | $25.0M | 10.4% | 1.24x | 0.66x | |
| Fortress Credit Opportunities Fund VI | 2025 | Opportunistic | Multi Strategy | North America | $25.0M | $9.2M | 13.0% | 1.22x | 0.44x | |
| Fortress Legal Assets Fund II | 2025 | Private Credit | Specialty Finance | Global | $40.0M | $15.8M | 22.7% | 1.01x | 0.01x | |
| Fortress Lending Fund II | 2021 | Private Credit | Direct Lending | North America | $40.0M | $10.1M | 8.2% | 1.28x | 1.00x | |
| Fortress Lending Fund III | 2022 | Private Credit | Direct Lending | North America | $40.0M | $19.9M | 11.2% | 1.26x | 0.54x | |
| H.I.G Bayside Loan Opportunity Fund V | 2019 | Opportunistic | Distressed Debt | Latin America | $60.0M | $34.0M | 17.0% | 1.91x | 0.98x | |
| HPS Special Situations Opportunity Fund II, L.P. | 2024 | Opportunistic | Special Situations | Global | $25.0M | $13.3M | 12.1% | 1.12x | 0.13x | |
| ITE Rail Fund LP | 2024 | Real Assets | Infrastructure | Global | $40.0M | $41.4M | — | 1.31x | 0.10x | |
| Juniper Capital IV, L.P. | 2024 | Real Assets | Natural Resources | North America | $30.0M | $12.6M | 10.4% | 1.19x | 0.01x | |
| Juniper High Noon Partners, L.P. | 2024 | Private Equity | Buyout | North America | $5.0M | $5.0M | 46.1% | 1.53x | 0.00x | |
| Kayne Anderson Real Estate Partners VII | 2021 | Real Assets | Real Estate Equity | North America | $30.0M | $17.1M | — | 1.00x | 0.00x | |
| KSL Capital Partners VI | 2022 | Private Equity | Buyout | Global | $30.0M | $14.9M | -8.7% | 0.81x | 0.03x | |
| Landmark Real Estate Partners IX | 2021 | Real Assets | Real Estate Equity | North America | $40.0M | $20.8M | 24.3% | 1.18x | 0.00x | |
| Landmark Real Estate Partners VIII, L.P. | 2016 | Real Assets | Real Estate Equity | North America | $60.0M | $24.5M | 6.6% | 1.19x | 0.68x | |
| LBA Logistics Value Fund IX, L.P. | 2022 | Real Assets | Real Estate Equity | North America | $40.0M | $24.2M | -0.5% | 1.17x | 0.00x | |
| Level Equity Growth Partners V LP | 2021 | Private Equity | Growth Equity | North America | $15.0M | $17.8M | 13.1% | 1.39x | 0.01x | |
| Level Equity Growth Partners VI | 2025 | Private Equity | Growth Equity | North America | $15.0M | $2.2M | — | 1.00x | 0.00x | |
| Level Equity Opportunities Fund 2021 | 2021 | Opportunistic | Multi Strategy | Global | $15.0M | $19.3M | 18.6% | 1.75x | 0.01x | |
| Level Equity Opportunities Fund 2025 | 2025 | Opportunistic | Multi Strategy | Global | $15.0M | $0 | — | — | — | |
| Linden Capital Partners VI | 2024 | Private Equity | Buyout | North America | $30.0M | $0 | — | — | — | |
| Linden Capital Partners VLP | 2022 | Private Equity | Buyout | North America | $22.5M | $23.7M | 7.9% | 1.17x | 0.03x | |
| Linden Co-Investment V LP | 2022 | Private Equity | Co-Investment | North America | $7.5M | $9.8M | 14.4% | 1.42x | 0.07x | |
| Long Wharf Real Estate Partners VI | 2018 | Real Assets | Real Estate Equity | North America | $50.0M | $25.8M | 9.6% | 1.04x | 0.52x | |
| Longreach Capital Partners | 2024 | Private Equity | Buyout | Asia Pacific | $15.0M | $4.7M | -1.8% | 0.92x | 0.08x | |
| LRAF Holdings 21 Project Yeti II | 2024 | Real Assets | Real Estate Equity | North America | $25.0M | $19.2M | 11.1% | 1.13x | 0.15x | |
| Magnetar Constellation Fund V | 2018 | Private Credit | Specialty Finance | Global | $60.0M | $9.3M | 5.0% | 1.21x | 1.04x | |
| Merit Hill Self-Storage VI, LP. | 2026 | Real Assets | Real Estate Equity | North America | $40.0M | $2.1M | — | 0.50x | 0.00x |
Showing 1 to 50 of 79 holdings
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