Alameda County Employees' Retirement Association, Oakland, Calif., committed $40 million to Dyal Capital Partners II, said recent investment committee minutes.
It is the first time the $6.8 billion pension fund has made a commitment to a Dyal Capital Partners private equity fund. The Neuberger Berman unit buys minority stakes in alternative investment managers.
Betty Tse, the pension fund's chief investment officer, did not return a phone call by press time; Grant Hughs, senior investment officer, referred questions to the minutes.
