Saturday, 22 October 2016
Last updated 8 hours ago
Jul 18 2007 | 1:01pm ET
The $6 billion San Bernardino County (Calif.) Employees Retirement Association last week approved a total of $45 million in commitments to a trio of private equity energy funds.
Blue Tip Energy’s maiden $50 million offering, Blue Tip Energy Fund; Energy Spectrum’s $500 million Energy Spectrum Fund V; and Starwood Capital Group’s targeted $400 million on their Starwood Energy Infrastructure Fund, each received a $15 million capital commitment from the system.
The system’s total allocation to p.e. and hedge funds was 7.6% and 6.3% respectively as of the end of March.