Alameda County Employees commits $40 million to real estate
Alameda County Employees commits $40 million to real estate
Print
Alameda County Employees Retirement Association, Oakland, Calif., committed up to $40 million to CBRE Strategic Partners U.S. Value 9.
The $9.7 billion pension fund s board approved the commitment to the value-added real estate fund managed by
CBRE Global Investors at its remote meeting Thursday. It is a new manager for the pension fund.
As of Dec. 31, the actual allocation to real estate was 6.3%; the target is 8%.
Related Articles
Alameda County Employees hires Parametric for cash overlay services
Alameda County Employees hires Parametric for cash overlay services
Pension fund also eliminates target allocation to risk premium strategies
Parametric Portfolio Associates as cash overlay services provider.
The $9.8 billion pension fund s board approved the hiring of Parametric at its April 15 meeting, spokesman Michael Fara said in an email.
The pension fund launched a shortlist search in April 2020 for a cash overlay service provider. NISA Investment Advisors and Russell Investments were the other finalists. The average monthly balance of the cash equitization overlay program is expected to be $30 million, according to board meeting materials.
Buyout firm Genstar raises nearly $12 billion for tenth midmarket fund Tuesday, April 06, 2021
Laxman Pai, Opalesque Asia:
San Francisco-based Genstar Capital has raised about $11.7 billion for its tenth flagship fund - Genstar Capital Partners X.
The private equity manager, which is focused on investments in financial services, healthcare, industrials, and software industries, said in a press release that the latest middle-market buyout fund had $10.2 billion in limited partner commitments and $1.5 billion in overage capacity commitments from selected limited partners.
The fund reached its hard cap and was significantly oversubscribed, closing less than four months after its official launch in December 2020. The announcement comes less than two years after the buyout firm raked in $7 billion for its ninth fund.
Genstar Capital raises nearly $12 billion with latest buyout fund
Genstar Capital raises nearly $12 billion with latest buyout fund
Getty Images
Genstar Capital has closed Genstar Capital Partners X at its hard cap of about $11.7 billion.
The private equity manager s latest middle-market buyout fund had $10.2 billion in limited partner commitments and $1.5 billion in overage capacity commitments from selected limited partners, a news release said Monday.
The prior fund, Genstar Capital Partners IX, closed at $7 billion in 2019.
Related Articles
Vision Ridge Partners raises $1.3bn for latest sustainable real assets fund Friday, April 02, 2021
Laxman Pai, Opalesque Asia:
The alternative asset manager focused on sustainable real assets Vision Ridge Partners closed its latest sustainable real assets fund, Sustainable Asset Fund III, at its $1.25 billion hard cap. The Fund held its final close just four-and-a-half months after commencing fundraising. Fund III initially targeted $1bn of commitments and drew interest beyond the $1.25bn hard cap, said a press release from the venture capital firm.
The fund aims to make 8 to 12 investments of $75 million to $175 million in companies in industries that are shifting to sustainability, including energy, transportation, and agriculture, it said