The Alameda County Employees’ Retirement Association (ACERA) has committed up to $60 million to two private equity funds, according to the March 8 board meeting.
Up to $50 million was committed to the buyout fund, Clayton, Dubilier, Rice XII. In addition, up to $10 million was committed to venture capital fund, Eclipse Fund V.
As of December 31, 2022, the $11.3 billion pension fund has an actual and target allocation to private equity of 9.6% and 11% respectively.
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