The Alameda County (Calif). Employees’ Retirement Association (ACERA) has committed $25 million to the Fairfield Affordable Housing Preservation Fund, an open-end, core-plus vehicle of Fairfield.
According to Ask IRE.IQ, the market intelligence tool of Institutional Real Estate, Inc., the Fairfield Affordable Housing Preservation Fund invests in multifamily and residential properties with a focus on affordable housing in the United States. The fund launched in late 2022 and has a target of $1 billion in equity. The Alaska Permanent Fund Corp. committed $300 million to this fund in 2022.
ACERA, a public pension fund, has $14 billion in total assets under management, as of March 31. As of then, it had an 8.2 percent real estate allocation target with $831.6 million in t
