The Contra Costa County Employees Retirement Association (CCCERA) has approved two commitments to follow-up distressed real estate funds, allocating $80 million to Siguler Guff’s Distressed Real Estate Opportunities Fund (DREOF) II and $70 million to Oaktree Capital Management’s Real Estate Opportunities Fund (ROF) VI.
Siguler Guff’s DREOF II has an equity target of $600 million to $750 million and is aiming for a first close tomorrow, or when the fund has received $150 million in commitments.
