Institution: Alameda County Employees’ Retirement Association
Headquarters: Oakland, United States
AUM: $8.2 billion
Allocation to alternatives: 19.58%
Alameda County Employees’ Retirement Association has approved $110 million in commitments across two private equity vehicles, according to the pension’s September 2020 investment committee meeting minutes.
As illustrated below, ACERA’s private equity commitments tend to target primarily buyout or distressed funds. The $8.2 billion US public pension has a 9 percent target allocation to private equity that currently stands at 6.91 percent.
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