Contra Costa County looks to commit up to $200m to distressed debt, buyouts

The firm’s private equity portfolio has a 5-15% sub-allocation to special situations.

Contra Costa County Employees’ Retirement Association (CCCERA) may commit $200 million to its private equity programme – an allocation that includes investments in distressed debt and special situations vehicles.

The northern California pension fund heard a plan to make commitments of $25 million-$50 million to two to four funds, according to documents from an 11 December meeting.