The Alameda County Employees’ Retirement Association (ACERA) approved two commitments of $20 million each to Clarion LIT Fund and Heitman Value Partners IV at its March board meeting, spokesman Michael Fara confirmed in an email.
ACERA previously invested $25 million in Heitman’s second value-added fund.
The $7.3 billion US public pension has an 8 percent target allocation to private real estate that currently stands at about 7 percent.
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