FUNDRAISING NEWS | July 22, 2022
The Contra Costa County Employees’ Retirement Association (CCCERA) has recently made commitments to two private equity funds and one real estate fund.
$65 million was committed to TGP IX, which will invest globally in buyouts across sectors including healthcare, software & enterprise technology, internet, digital media & communications, consumer, and business services. $35 million was committed to TPG Healthcare Partners II, which will focus on the healthcare sector.
In real estate, CCCERA committed $100 million to opportunistic fund Blackstone Real Estate Partners X, according to meeting materials from the upcoming July 27 board meeting.
As of March 31, 2022, the $11 billion Retirement Association allocates 13.1% to private equity and 5.2% to real estate.
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Koncheng Moua is the Director of Data Management and Strategy at Dakota.
