ACERA backs Sycamore’s $2.5bn second fund

The Alameda County Employees’ Retirement Association has backed Sycamore Partners’ recently closed second fund with a $42.5m commitment, AltAssets has learned. The board voted unanimously to commit to Sycamore Partners IIl at a meeting of its investment committee in May, documents form the pension system showed. Sycamore closed its second fund on $2.5bn last month. …