FUNDRAISING NEWS | May 01, 2023
The Alameda County Employees Retirement Association (ACERA) has committed $78 million to two alternative funds, according to meeting minutes from the April 12 investment meeting.
Up to $38 million was committed to Crestline Opportunity Fund V, a private credit fund managed by Crestline Investors.
Up to $40 million was committed to the buyout fund, Genstar Capital Partners XI, managed by Genstar Capital.
As of December 31, 2022, the $11.3 billion pension fund allocates 9.6% to private equity and 2.6% to private credit. They have target allocations of 11% and 4% to these asset classes respectively.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!
Written By: John Washington, Data Research Analyst
John Washington is the Data Research Analyst at Dakota.
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