Alameda County Employees Retirement Association (ACERA) has made $70m (€60m) worth of commitments to Brookfield and Rockland Capital funds.
The pension fund disclosed in a board meeting document that it has placed $40m into the Brookfield Global Transition Fund II and committed $30m to Rockland Power Partners V.
ACERA’s commitment to the Brookfield fund was made shortly before the manager closed the $20bn capital raise for the fund in early October, by which time over $5bn had already been deployed in transactions.
Rockland secured $1.2bn in capital commitments when its fund closed last month. The fund’s primary strategy is to invest in existing operating power plants, adapting and repurposing these assets to enhance flexibility, speed, reliability and capacity.
ACERA also disclosed making a $35m commitment to the Artemis Healthcare Fund III.
IPE Real Assets reported late last month that Artemis had secured $1.2bn for the Artemis Real Estate Partners Healthcare Fund III, as well as an additional $200m in co-investment capital, according to a recent SEC filing.
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