Contra Costa County Employees' Retirement Association, Concord, Calif., committed $75 million to PCCP Equity IX.
The $11 billion pension fund's commitment to the opportunistic real estate fund was disclosed in a memo to its board from CIO Timothy Price included with materials for the upcoming May 25 board meeting.
It is CCCERA's first commitment to a fund managed by PCCP, Mr. Price said in the memo.
As of March 31, the pension fund's actual allocation to real estate was 7.1%.
Mr. Price and CEO Gail Strohl could not be immediately reached for further information.
