Alameda County Employees Retirement Association (ACERA)

The Alameda County Employees’ Retirement Association (ACERA) is a public pension fund established in 1948 to provide retirement, disability, and death benefits to public employees of Alameda County and participating employers. As a defined benefit plan, ACERA serves over 85,000 active, deferred, and retired members across county departments, housing authorities, and other public agencies in California.

ACERA manages a globally diversified investment portfolio totaling approximately $12 billion USD. Its strategic allocations span U.S. and international equities, core and opportunistic fixed income, real estate, private equity, private credit, real assets, and cash equivalents. The fund partners with external managers and consultants to ensure fiduciary responsibility and consistent returns, targeting long-term sustainability and risk-adjusted performance. Notably, it has expanded into private credit and ESG-oriented strategies in recent years.

Headquartered in Oakland, California, ACERA is governed by a Board of Retirement composed of elected, appointed, and ex officio trustees. The organization upholds transparency, actuarial prudence, and public accountability as its core values. With over 75 years of service, ACERA continues to play a critical role in supporting the financial security of public sector employees across Alameda County.