Alameda County Employees' Retirement Association, Oakland, Calif., committed up to $35 million to AEW Partners Real Estate Fund IX.
The $8.8 billion pension fund's board approved the commitment to the opportunistic real estate fund managed by AEW Capital Management at its meeting Thursday, which was held via videoconference.
The pension fund previously committed $25 million to AEW Partners Real Estate Fund VIII in 2018.
As of Dec. 31, the actual allocation to real assets was 5%, equal to its target.
