The Contra Costa Employees Retirement Association has reviewed the private equity commitment pacing for 2024.
From the November 1 board meeting, StepStone recommends committing $350 million to private equity in order to achieve their target allocation of 15% over 10 years.
CCCERA anticipates 1-2 existing GPs to launch their next fund for re-up opportunities. In addition, CCERA plans to source potentially 2-3 new relationships.
As of September 30, 2023, CCERA allocates 12.4% to private equity.
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