San Mateo County Employees' Retirement System made two new commitments totaling $50 million.
The $6.1 billion pension fund's board at its Dec. 7 meeting approved commitments of $25 million each to Great Hill Equity Partners VIII, a buyout fund managed by Great Hill Partners, and infrastructure fund Tiger Infrastructure Partners Fund III, according to an investment update posted on its website.
The pension fund previously committed $20 million to Great Hill Equity Partners VII in 2019. There is no record of any prior commitments to Tiger Infrastructure Partners.
As of Oct. 31, the pension fund's actual allocations to private equity and private real assets were 7%$ and 2.3%, respectively.
Michael Coultrip, chief investment officer, could not be immediately reached for further information.