Searches and Hires

Alameda County Employees slates $120 million for alternatives

Alameda County Employees' Retirement Association, Oakland, Calif., made two new commitments totaling up to $120 million, spokesman Michael Fara said in an email.

The $7.8 billion pension fund committed up to $80 million to Blackstone Strategic Opportunity Fund, a hedge fund of funds managed by Blackstone Alternative Asset Management, and up to $40 million to ISQ Global Infrastructure Fund II, an infrastructure fund managed by I Squared Capital. Both are first-time commitments to the managers for the pension fund.

As of Sept. 30, the actual allocations to private equity and alternatives, and real assets were 9.8% and 3.6%, respectively. Their respective targets are 18% and 5%.