Imperial County Employees’ Retirement System, El Centro, Calif., made two new commitments totaling $65 million, said Michael Hermanson, administrator, in an e-mail.
The $714 million pension fund committed $35 million to American Strategic Value Realty Fund, a value-added, open-end real estate fund. It is the pension fund’s first commitment to a fund managed by American Realty Advisors.
The pension fund also committed $30 million to the HarbourVest Global 2016 Fund, a private equity fund of funds managed by HarbourVest Partners. The pension fund has committed to four previous HarbourVest funds.
Investment consultant Verus Advisory assisted.