ACERA to commit $490m to private debt funds

The US public pension will commit to seven private credit funds by 2022.

Institution: Alameda County Employees’ Retirement Association
Headquarters: Oakland, United States
AUM: $8.17bn
Allocation to alternatives: 17.1%
Bitesize: $10-50m

Alameda County Employees’ Retirement Association will commit $490 million to seven private debt funds by 2022. The pension also hopes to achieve its 4% target allocation to private debt within the same time frame, according to board documents from the most recent investment committee meeting.

As illustrated in the charts below, ACERA currently allocates 17.10% to alternative assets. Ms. Betty Tse is the current Chief Investment Officer.

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