Alameda County Employees' Retirement Association, Oakland, Calif., approved commitments to two private equity funds totaling $63 million, said Agnes Ducanes, administrative specialist, in an email.
At its last meeting, the board for the $8.7 billion pension fund approved a commitment of $33 million Investment to Genstar Capital Partners IX, a middle-market buyout fund; and $30 million Investment to Taurus Mining Finance Fund II, a natural resources fund managed by Taurus Funds Management.
Verus Advisory, the pension fund's investment consultant, advised on the hires.
As of March 31, the plan had a target asset allocation of 9% for private equity and 5% for real assets.
