Contra Costa County Employees' Retirement Association, Concord, Calif., disclosed three new private equity commitments totaling $250 million.
The $10.1 billion pension fund committed $100 million each to buyout funds GTCR Fund XIV and Hellman & Friedman Capital Partners XI and $50 million to STG VII, a buyout fund managed by STG Partners, said Timothy Price, chief investment officer, in a memo to the board of trustees included with materials for its upcoming Jan. 25 meeting.
CCCERA previously committed $50 million to GTCR Fund XIII in 2020 and $75 million to Hellman & Friedman Capital Partners X in 2021. The commitment to STG is the first for the pension fund to the manager.
As of June 30, the pension fund's actual allocation to private equity was 14.1%.