Contra Costa County Employees' Retirement Association, Concord, Calif., committed $50 million to Siguler Guff Small Buyout Opportunities Fund II, confirmed CEO Marilyn Leedom.
Bay Hills Capital, J.P. Morgan Asset Management and Horsley Bridge Partners were the other finalists.
The $6.2 billion pension fund previously committed $155 million total to Siguler Guff Distressed Real Estate Opportunities Fund I and II.
Investment consultant Milliman assisted.