ACERA approves $33m commitment

Institution: Alameda County Employees’ Retirement Association (ACERA)
Headquarters: Oakland, United States
AUM: $8.19bn
Allocation to alternatives: 17.10%
Bitesize: $10-50m

Alameda County Employees’ Retirement Association has committed $33 million to Altas Partners Holdings II. The fund will use committed capital to invest in a diversified portfolio of companies throughout North America.

The $8.19 billion public pension has a 9.00% target allocation to private equity that currently stands at 6.35%.

As illustrated in the charts below, ACERA currently allocates 17.10% to alternative assets. The pension has a strong appetite for North American private equity funds.

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