Contra Costa County Employees' Retirement Association, Concord, Calif., disclosed private equity and real estate commitments totaling $200 million.
The $10.4 billion pension fund committed $90 million to TA XV, a middle-market buyout fund managed by TA Associates; $60 million to Cross Lake Real Estate Fund IV, an opportunistic real estate fund managed by Cross Lake Partners; and $50 million to Long Wharf Real Estate Partners Fund VII, a value-added real estate fund managed by Long Wharf Capital, said Timothy Price, chief investment officer, in a memo to the board included with May 24 meeting materials.
As of March 31, the pension fund's actual allocations to private equity and real estate were 12.7% and 7.6%, respectively.
Both fall within the pension fund's growth asset class, which has a target of 76%.
Mr. Price and CEO Gail Strohl could not be immediately reached for further information.