San Bernardino County (Calif.) Employees' Retirement Association committed $50 million to Aberdeen Standard Investments European Co-Investment Fund II, confirmed Michael Tamony, spokesman for the $10.8 billion pension fund, in an email.
The commitment was made at the board's March 5 meeting. Investment consultant NEPC advised on the selection.
SBCERA has previously invested with Aberdeen Standard, including Funds I through IV of its Secondary Opportunities Fund Series and earlier Standard Life diversified funds (European Strategic Partners 2004 and 2008).
The pension fund recently approved a plan to commit $600 million to private equity funds in 2020.
