SamCERA approves $15m commitment

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

Institution: San Mateo County Employees’ Retirement Association
Headquarters: Redwood Shores, United States
AUM: $4.25bn
Allocation to alternatives: 16.90%
Bitesize: $10-50m

San Mateo County Employees’ Retirement Association approved a $15 million commitment to Angelo Gordon Credit Solutions Fund.

The $4.25 billion US public pension has a 7.00 percent target allocation to private equity that currently stands at 6.80 percent.

As illustrated in the charts below, it’s SamCERA’s fourth commitment to private equity funds in 2019, totaling $80 million.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.