Contra Costa County Employees' Retirement Association, Concord, Calif., disclosed real estate and private equity commitments totaling $200 million in an update from CIO Timothy Price included with materials for its upcoming July 27 board meeting.
The $11 billion pension fund committed $100 million to global real estate fund Blackstone Real Estate Partners X; and $65 million and $35 million to buyout funds TPG Partners IX and to TPG Healthcare Partners II, respectively, according to the update.
The commitment to a Blackstone real estate fund is a first for the pension fund. CCCERA previously committed $24 million to TPG Healthcare Partners in 2019.
As of March 31, the actual allocations to private equity and real estate were 13.1% and 7.1%, respectively.