Allegheny County Retirement Commits $5 million to Real Estate; Hires for Emerging Manager Program

The Retirement Board of Allegheny County disclosed one new investment of $5 million to Washington Alliance Capital Fund II, according to meeting minutes from the October 19th board meeting.

Additionally, the board approved the commitment of $2 million in StoneRidge Dynamic Small Cap Growth as part of the Emerging Managers Program. PFM assisted with the decision. 

AndCo and PFM assisted.

As of September 30, 2023, the $900 million pension fund allocates approximately 13% to real estate with a target of 12.5%.

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