Alameda Eyeing $50M for Real Estate Debt Fund

Alameda County Employees’ Retirement Association is targeting a $50 million real estate commitment. 

According to materials from the February board meeting, a $50 million commitment is being recommended to PGIM Real Estate U.S. Debt Fund.

PGIM Real Estate U.S Debt Fund will be the first Real Estate debt-focused investment in the ACERA Real Estate Portfolio, should the investment be approved. 

The $11.3 billion Retirement Association’s real estate consultant, Callan, assisted with the recommendation.

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