Alameda County Employees' Retirement Association, Oakland, Calif., committed $35 million to AG Realty Value Fund X, a value-added real estate fund managed by Angelo, Gordon & Co., said Michael Fara, pension fund spokesman.
The $8.1 billion pension fund previously committed a total of $50 million to direct lending fund AG Opportunistic Whole Loan Fund in 2014.
As of March 31, the actual allocation to real assets was 3.78%; the target is 5%.
