SCERS approves $35m commitment

The US public pension has backed a North America and Western Europe focused fund.

Institution: Sacramento County Employees’ Retirement System
Headquarters: Sacramento, United States
AUM: $9.51bn
Allocation to alternatives: 27.80%
Bitesize: $10-50m

Sacramento County Employees’ Retirement System announced a commitment of $35 million to OrbiMed Royalty & Credit Opportunities III.

As illustrated in the charts below, the $9.51 billion US public pension has a 9.0 percent target allocation to private equity that currently stands at 9.3 percent. This is the first time SCERS has committed to a private equity fund in 2019.

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