San Mateo County Employees' Retirement Association, Redwood City, Calif., committed $25 million to EQT Infrastructure V, an announcement on the $4.3 billion pension fund's website said.
The commitment to EQT Partners was approved at the board's Oct. 27 meeting. The board committed $30 million to EQT Infrastructure IV in 2018.
As of June 30, the pension fund's actual allocation to private real assets was 1.9%; the target is 3%.
Michael Coultrip, chief investment officer, could not be immediately reached to provide further information.