Alameda County Employees' Retirement Association, Oakland, Calif., committed up to $60 million to Great Hill Equity Partners VII, a buyout fund managed by Great Hill Partners, said Agnes Ducanes, administrative specialist, in an email.
The $8.2 billion pension fund previously committed up to $50 million to Great Hill Equity Partners VI in 2017.
As of March 31, the actual allocation to private equity was 6.3%.
