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ACERA approves $44m in commitments

The US public pension has backed two North America-focused funds.

Alameda County Employees Retirement Association (ACERA) has approved commitments of $35 million to Peak Rock Capital Fund II and $9 million to Peak Rock Capital Credit Fund II.

The $7 billion US public pension has an 18 percent target allocation to private equity that currently stands at 10.3 percent.

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