Alameda County Reviews Real Asset & Private Equity Commitment Pacing

The Alameda County Employees’ Retirement Association has reviewed real assets and private equity commitment pacing targets.

According to the meeting materials from the February 8 board meeting, Verus recommends $100 million be committed across two to three real assets funds in 2023.

For private equity, Verus recommends  $290 million in new commitments. Within private equity, $58 million is to be allocated between three to four venture capital funds, $156 million to be allocated between three to four buyouts funds, and $76 million split between two debt & special situations funds. 

The plan is expected to reach real asset target allocation of 6% in 6-7 years and private equity target allocation of 11% by 2027.

As of September 30, 2022, the actual allocation for real assets and private equity is 7% and 9.7% respectively.

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