Alameda County Employees’ Retirement Association’s investment committee recommended committing up to $50 million to Warburg Pincus Private Equity XII at its meeting Wednesday.
The $6.8 billion pension fund previously committed $15 million to Warburg Pincus Energy in May 2014.
The Oakland, Calif.-based pension fund’s investment committee also recommended a follow-on commitment of $10 million to Catalyst Fund V, a distressed debt fund managed by Catalyst Capital Group. The board originally approved a $40 million commitment to the fund in August.
Betty Tse, chief investment officer, and Agnes Macadangdang, administrative specialist in the investments department, did not reply to requests for further information by press time.