ACERA approves $35m commitment

The US public pension has backed a North America-focused opportunistic fund.

Institution: Alameda County Employees’ Retirement Association
Headquarters: Oakland, United States
AUM: $8.77bn
Allocation to alternatives: 18.79%
Bitesize: $10-50m

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.

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