Alameda County Employees' Retirement Association's investment committee recommended committing up to $35 million to CIM Infrastructure Fund II, recently released investment committee minutes said.
It is the Oakland, Calif.-based $6.8 billion pension fund's first commitment to an infrastructure fund managed by CIM Group, although the pension fund has committed to multiple CIM Urban REIT funds, most recently committing $25 million to CIM Urban REIT VI in June 2011.
When the board will vote on the recommendation could not be learned by press time.
Betty Tse, chief investment officer, could not be reached by press time, and Agnes Macadangdang, administrative specialist in the investments department, referred questions to the minutes.
