ACERA approves $60m commitment

The US public pension has backed a multi-regional buyout fund.

Institution: Alameda County Employees Retirement Association
Headquarters: Oakland, United States
AUM: $8.19bn
Allocation to alternatives: 17.10%

Alameda County Employees Retirement Association has committed $60 million to Great Hill Equity Partners VII. The buyout fund will invest in multiple sectors throughout North America, Latin America and Western Europe.

The US public pension has a 9% 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 buyout funds.

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