Institution: Alameda County Employees’ Retirement Association
Headquarters: Oakland, United States
Allocation to alternatives: 18.79%
Alameda County Employees’ Retirement Association committed $35 million to AEW Partners Real Estate Fund IX. Capital raised by the opportunistic vehicle will be used to invest in diversified properties throughout North America.
The $8.77 billion US public pension has an 8 percent target allocation to real estate that currently stands at 6.99 percent.
As illustrated in the charts below, ACERA devotes 18.79 percent of its full investment portfolio to alternative assets. The pension has a strong appetite for North America-focused funds that target diversified sectors.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.