SamCERA approves $70m in PE commitments

The public pension fund approved several new commitments in its March 28 board meeting.

Institution: San Mateo County Employees’ Retirement Association
Headquarters: Redwood Shores, California, US
AUM: $5.9 billion
Allocation to private equity: 6.4%

San Mateo County Employees’ Retirement Association approved several new commitments to private equity funds during their March 28 board meeting. This includes $10 million to Eclipse Fund V; $30 million to Clayton, Dubilier & Rice Fund XII; and $30 million to Stockbridge Value Fund V. As of February 28th, SamCERA allocates 20 percent of their investments to alternatives.

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