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Alameda County Employees eyes commitments totaling nearly $63 million

Alameda County Employees’ Retirement Association’s investment committee recommended two new commitments totaling up to $62.7 million, recently released meetings minutes showed.

The $6.6 billion Oakland, Calif.-based pension fund’s investment committee made the recommendations at its Nov. 16 meeting to commit up to €35 million ($37.7 million) to EQT Credit Opportunities III, a distressed debt fund managed by EQT Partners, and $25 million to Artemis Real Estate Partners Healthcare Fund I, a real estate fund.

Whether the pension fund has committed to these managers previously could not be learned by press time.

Michael Fara, pension fund spokesman, could not be immediately reached to provide further information.