CCCERA approves $50m commitment

Institution: Contra Costa County Employees’ Retirement Association
Headquarters: Concord, US
AUM: $9.49 billion
Allocation to alternatives: 25.1%

Contra Costa County Employees’ Retirement Association has backed GTCR’s latest flagship buyout fund, according to minutes from the pension’s November 2020 investment committee meeting.

CCCERA has committed $50 million to GTCR Fund XIII. The vehicle held a final close at $7.5 billion in November 2020 and is targeting investments in the US upper mid-market.

The $9.49 billion US public pension has an 8 percent target allocation to private equity that currently stands at 10.9 percent.

CCCERA’s recent private equity commitments have predominantly targeted North American buyout funds.

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