Alameda County Employees' Retirement Association, Oakland, Calif., committed up to $36 million to AG CSF2A (Annex) Dislocation Fund.
The $10.4 billion pension fund's board approved the commitment to the opportunistic credit fund managed by Angelo, Gordon & Co. at its Dec. 15 meeting, said Agnes Ducanes, administrative specialist, in an email.
The new commitment falls within the debt-related/special situations category of ACERA's private equity portfolio.
ACERA has made multiple prior commitments to Angelo Gordon funds, most recently committing up to $36 million to AG Credit Solutions Fund II in 2021.
As of June 30, the pension fund's actual allocation to private equity was 9.6%; the target is 11%.