Contra Costa County Employees' Retirement Association, Concord, Calif., made two new private equity commitments totaling $64 million, CEO Gail Strohl said in an email.
The $8.7 billion pension fund committed $40 million to Trident VIII, a global large-cap buyout fund managed by Stone Point Capital that focuses on the financial services industry, and $24 million to TPG Healthcare Partners, a health care-focused buyout fund managed by TPG. Both are first-time commitments to these managers for the pension fund, Ms. Strohl said.
As of March 31, the actual allocation to private equity was 11.1%.
