Key Takeaways
- • Ventura County is focusing on the lower mid-market in a new private equity pacing plan, according to PEI Private Equity.
- • The move comes at a time of subdued private equity performance across the asset class.
- • Ventura County is among a growing number of limited partners targeting the lower mid-market to capture higher returns and more exit opportunities.
Summary
Ventura County is refocusing its private equity commitments on the lower mid-market as part of a new pacing plan, according to PEI Private Equity. The report places the decision against a backdrop of subdued private equity performance.
PEI reports that Ventura County is one of a growing number of limited partners that see the lower mid-market as a way to capture higher returns while gaining access to more exit opportunities. The available coverage does not disclose the size of the commitment, the pacing targets, or the managers involved.
For institutional allocators, the item signals continued limited partner interest in smaller buyout segments as a source of return and liquidity in a slower environment. Further detail on allocation mix and timing would be needed to assess the plan's effect on fundraising.
PEI reports that Ventura County is one of a growing number of limited partners that see the lower mid-market as a way to capture higher returns while gaining access to more exit opportunities. The available coverage does not disclose the size of the commitment, the pacing targets, or the managers involved.
For institutional allocators, the item signals continued limited partner interest in smaller buyout segments as a source of return and liquidity in a slower environment. Further detail on allocation mix and timing would be needed to assess the plan's effect on fundraising.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.