Move is to help reach real assets allocation target. : Alameda County Employees’ Retirement Association (ACERA) is investing $40m (€32.6m) in the ISQ Global Infrastructure Fund II as it seeks to lift its under-allocated real assets portfolio. According to a board meeting report, ACERA’s real assets portfolio, which includes real estate investment trusts (REITs), private and public infrastructure, agricultural and timber, was valued at $271m, representing 3.6% of its $7.5bn in total assets. Last year, IPE Real Assets reported that I Squared Capital planned to raise $5bn for its latest fund.