ACERA approves $30m commitment

The US public pension has backed a North American mining fund.

Institution: Alameda County Employees’ Retirement Association
Headquarters: Oakland, United States
AUM: $8.13bn
Allocation to alternatives: 18%

Alameda County Employees’ Retirement Association has agreed to commit $30 million to Taurus Mining Finance Fund II according to meeting minutes from their 13 February investment committee meeting. The natural resources fund is managed by Taurus Funds Management

The $8.13 billion US public pension has a 5 percent target allocation to infrastructure that currently stands at 3.78 percent.

As illustrated in the charts below, this is ACERA’s first commitment to an Infrastructure fund in 2019.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.