Contra Costa County Employees' Retirement Association, Concord, Calif., disclosed two new alternative fund commitments totaling $180 million.
The $10.1 billion pension fund committed $100 million to EQT X, a buyout fund managed by EQT Partners, and $80 million to value-added real estate fund Blackstone Strategic Partners Real Estate Fund VIII, according to a memo from Chief Investment Officer Timothy Price to the board included with materials for its upcoming Dec. 14 meeting.
CCCERA previously committed $100 million to Blackstone Real Estate Partners X earlier this year. EQT Partners is a new manager for the pension fund.
As of June 30, the actual allocations to private equity and real estate were 14.1% and 7.9%, respectively. Both fall within the pension fund's growth asset class, which has a target allocation of 75.5%.
