San Mateo County Employees' Retirement Association, Redwood City, Calif., committed $30 million to Stockbridge Value Fund IV, a diversified U.S. real estate fund managed by Stockbridge Capital Group, an announcement on the $4.3 billion pension fund's website said.
The commitment was approved at the board's Aug. 25 meeting.
The plan has a target allocation of 8% to real estate as of March 30.
Michael Coultrip, chief investment officer, could not be immediately reached to provide further information.
