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