The Contra Costa County (Calif.) Employees’ Retirement Association (CCCERA) has committed $50 million to real estate funds, according to meeting materials from Aug. 20.
Cloud Capital II, a program of Cloud Capital, received $30 million for its closed-end, value-added, opportunistic strategy focused on data center development in the United States. Though financial terms were not disclosed, Cloud Capital announced this fund was oversubscribed by the final closure, which occurred Sept. 10.
Cross Lake Real Estate Fund IV, a vehicle of Cross Lake Partners, received $20 million. This fund is a closed-end, opportunistic fund that invests in residential housing and community developments in the Southwest, Mountain West and Southeast areas in the United States. Cross Lake Real Estate Fund IV, its predecessor, closed with $328 million in total equity raised.
CCCERA,
