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ACERA approves $40m commitment

The $7.3bn US public pension adds to its underweight real assets portfolio.

The Alameda County Employees’ Retirement Association (ACERA) approved a $40 million commitment to I Squared’s Global Infrastructure Fund II.

ACERA’s investment committee unanimously recommended ISQ’s latest infrastructure vehicle in order to build out its underweight real assets portfolio, according to recently disclosed committee documents.

The $7.3 billion US public pension has a 5% allocation target to real assets that currently stands at 3.6%.

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