Institution: Alameda County Employees’ Retirement Association (ACERA)
Headquarters: Oakland, US
AUM: $8.68 billion
Allocation to alternatives: 19.8%
Alameda County Employees’ Retirement Association approved commitments of $35 million to Artemis Real Estate Partners Income & Growth Fund, $35 million to AEW Partners Real Estate Fund IX and $25 million to Artemis Real Estate Partners Healthcare Fund II, according to a document from a board/investment committee meeting in February. The pension will also consider committing an additional $125 million to core strategies, which would bring ACERA to its 8 percent real estate target allocation by mid-to-late 2022.
The $8.68 billion US public pension currently allocates 7 percent of its investment portfolio to private real estate.
As illustrated below, ACERA devotes 19.8 percent of its portfolio to alternative assets. The pension has a strong appetite for funds that target properties throughout North America across diversified sectors including healthcare, retail and multifamily.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: 
