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Alameda County Employees commits $50m to Heitman real estate fund
Investors - MAY 30, 2024

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Alameda County Employees commits $50m to Heitman real estate fund

by Lewis Dayton

The Alameda County (Calif.) Employees’ Retirement Association (ACERA) has made a commitment of $50 million to Heitman Value Partners VI (HVP VI), recent meeting documents show.

HVP VI is managed by Heitman and is a value-add, closed-end fund that is seeking to raise $2 billion to invest in in various property types in the United States.

HVP VI’s predecessor fund, HVP V, closed in July 2021 after raising $1.9 billion, far surpassing its initial $1 billion target.

For more information about this commitment or other funds, please visit our IREI.Q database.

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