SamCERA approves $25m 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: $4.93 billion
Allocation to alternatives: 15.70%
Bitesize: $10-50 million

San Mateo County Employees’ Retirement Association approved a $25 million commitment to AG Credit Solutions Fund Annex Dislocation Fund.

The $4.93 billion US public pension has a 6.00 percent target allocation to private equity that currently stands at 6.10 percent.

The LP has made five commitments to funds with a 2019 or 2020 vintage, which combined constitute $105 million.

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