Contra Costa County Employees' Retirement Association, Concord, Calif., disclosed a follow-on commitment of $25 million to TPG Healthcare Partners II.
The $10.6 billion pension fund disclosed the commitment to the buyout fund in an update from CIO Timothy Price included with materials for its upcoming Jan. 24 board meeting.
CCERA originally committed $35 million to TPG Healthcare Partners II in 2022, and the additional commitment brings the pension fund's total to $60 million.
As of Sept. 30, the pension fund's actual allocation to private equity was 12.3%. Private equity falls within CCCERA's growth asset class, which has a target of 76%.
