Alameda County approves $10m commitment

The $7.3bn US public pension backs a North American VC firm.

The Alameda County Employees’ Retirement System (ACERA) finalised an overall commitment of up to $10 million to Khosla Ventures VI and Khosla Ventures Seed D at its March board meeting, spokesman Michael Fara confirmed via email.

ACERA previously committed $10 million to Khosla Ventures V in 2014.

The $7.3 billion US public pension has an 18 percent target allocation to private equity that currently stands at around 10 percent.

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