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Contra Costa County Employees’ Retirement Association approves $64m in commitments to two private equity funds

The California county retirement system has backed funds focused on healthcare and financial services.

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Institution: Contra Costa County Employees’ Retirement Association
Headquarters: Concord, United States
Total AUM: $8.70bn
Allocation to Alternatives: 23.6%
Bitesize: $50-100m

Contra Costa County Employees’ Retirement Association (CCCERA) has committed $64 million to two private equity funds, according to board meeting documents. The commitments comprise of $24 million to TPG Healthcare Partners and $40 million to Trident VIII, a fund managed by Stone Point Capital that targets the financial services industry.

The $8.70 billion country retirement system currently allocates 23.6 percent of its funds to alternatives.

As illustrated in the charts below, CCCERA’s commitments to 2019 and 2018 vintage funds total over $99 million.

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