The $8.1 billion Alameda County (Calif.) Employees’ Retirement Association has committed $35 million to a value-add real estate fund, according to board meeting documents.
AG Realty Value Fund X is managed by Angelo, Gordon & Co., a privately-held registered investment adviser dedicated to alternative investing. Angelo, Gordon’s real estate strategy pursues a value-added investment approach across the globe, with a significant presence in the United States and Asia. The firm employs both domestically focused opportunistic and core-plus real estate strategies and a pan-Asia opportunistic real estate strategy.
The Angelo, Gordon fund has previously received equity commitments from other institutional investors, including $150 million from the Pennsylvania Public School Employees’ Retirement System and $5 million from the
