Contra Costa County Employees’ Retirement Association, Concord, Calif., committed $25 million to Paulson Real Estate Fund II, confirmed Marilyn Leedom, the pension fund’s CEO.
It is the $6 billion pension fund’s first direct commitment to a Paulson & Co. distressed real estate fund. It has a $4 million indirect investment in Paulson’s first fund through the Siguler Guff Distressed Real Estate Opportunities Fund I, and is expected to have another $4 million exposure to Fund II through Siguler Guff & Co.’s Fund II.
