Institution: Alameda County Employees’ Retirement Association (ACERA)
Headquarters: Oakland, US
AUM: $11.83 billion
Allocation to alternatives: 21.64%
Alameda County Employees’ Retirement Association (ACERA) has approved a $60 million commitment to Great Hill Equity Partners VIII, according to materials from its January 2022 investment committee meeting.
Great Hill Partners launched its eight-series private equity vehicle in September 2021 with a $3.5 billion target size. It has a current fund size of $4.65 billion. GHP is raising its eighth buyout fund to invest in diversified sectors.
ACERA currently allocates $939.3 million to private equity investments, comprising 7.94 percent of its total investment portfolio. The public pension has a target allocation to private equity of 11 percent.
As illustrated below, ACERA’s recent private equity commitments have focused on growth, mezzanine and buyout vehicles globally in multiple sectors.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.