Institution: Contra Costa County Employees’ Retirement Association
Headquarters: Concord, US
AUM: $10.93 billion
Allocation to alternatives: 23.1%
Contra Costa County Employees’ Retirement Association made a $100 million commitment to Invesco Real Estate US Fund VI, according to the pension’s October retirement board meeting document.
According to board documents, the fund focuses on investments in the domestic sectors of industrial, multifamily, office, retail, self-storage and data center.
The pension also previously committed $75 million to the fund’s predecessor, Invesco US Value-Add Fund V, which held a final close at approximately $1.13 billion, exceeding its $884 million target.
As illustrated below, CCCERA’s recent commitments have primarily been to North America-focused value-added funds. The pension currently allocates 5.6 percent of its investment portfolio to private real estate.
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