Alameda County Employees' Retirement Association, Oakland, Calif., made two new commitments totaling up to $55 million.
The $8.7 billion pension fund's board approved commitments of up to $30 million to special situations fund Peak Rock Capital Fund III and up to $25 million to value-added real estate fund Artemis Real Estate Partners Healthcare Fund II at its remote meeting Thursday.
ACERA previously committed $35 million to Peak Rock Capital Fund II and $9 million to Peak Rock Capital Credit Fund II in 2017 and $25 million to Artemis Real Estate Partners Healthcare Fund I in 2016.
As of Sept. 30, the pension fund's actual allocations to private equity and real estate were 7.5% and 7%, respectively; both asset classes have a target of 8%.
