Contra Costa County Employees’ Retirement Association, Concord, Calif., disclosed $231 million in new buyout fund commitments in a memo to the board from Timothy Price, chief investment officer, included with materials for its upcoming Aug. 14 meeting.
The $11.4 billion pension fund committed €65 million ($71 million) to Altor Climate Transition Fund I, a European green transition buyout fund managed by Altor Equity Partners; €50 million ($55 million) each to BlackFin Financial Services Fund IV, a pan-European small-cap private equity fund managed by BlackFin Capital Partners, and European Private Investment Club III, a European buyout fund managed by Castik Capital; and $50 million to middle-market buyout fund Arbor Investments Fund VI.
All are new managers for the pension fund.
As of March 31, the pension fund’s actual allocation to private equity was 12.5%.
