Alameda County Employees’ Retirement Association, Oakland, Calif., made two new commitments totaling $40 million, according to recently released board meeting minutes.
The $6.7 billion pension fund committed up to $25 million to ABRY Advanced Securities Fund III, a direct lending fund managed by ABRY Partners. The pension fund previously committed $12.5 million to ABRY Partners VII in March 2011.
Also, the pension fund committed $15 million to Warburg Pincus Energy Fund. The pension fund previously committed $25 million to Warburg Pincus Private Equity XI in April 2013.
Investment consultant Strategic Investment Solutions assisted.
Betty Tse, chief investment officer, was not available to provide further information by press time.