Alameda County allocates up to $50 million to Great Hill Partners

Alameda County Employees' Retirement Association, Oakland, Calif., committed up to $50 million to private equity fund Great Hill Equity Partners VI, managed by Great Hill Partners, confirmed Michael Fara, spokesman for the $6.6 billion pension fund's board, in an email.

The $1.5 billion growth buyout fund closed last month above its $1.25 billion fundraising target. The private equity firm said in a news release that the fund will “seek opportunities to finance the acquisition, recapitalization or expansion of rapidly growing middle-market companies ranging in size from $25 million to $500 million.”