FUNDRAISING NEWS | February 09, 2023
The Alameda County Employees’ Retirement Association has reviewed real assets and private equity commitment pacing targets.
According to the meeting materials from the February 8 board meeting, Verus recommends $100 million be committed across two to three real assets funds in 2023.
For private equity, Verus recommends $290 million in new commitments. Within private equity, $58 million is to be allocated between three to four venture capital funds, $156 million to be allocated between three to four buyouts funds, and $76 million split between two debt & special situations funds.
The plan is expected to reach real asset target allocation of 6% in 6-7 years and private equity target allocation of 11% by 2027.
As of September 30, 2022, the actual allocation for real assets and private equity is 7% and 9.7% 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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