SamCERA proposes new target allocation to PE

The California-based pension also approved a new PE fund commitment.

Institution: San Mateo County Employees’ Retirement Association

Headquarters: Redwood Shores, US

AUM: $5.9 billion

Current allocation to private equity:  6.5%

In their recent April board meeting, San Mateo County Employees’ Retirement Association  released its new policy on asset allocation for 2023, where it planned to increase its target allocation to private equity to 8 percent from a previous target of 7 percent. The pension also approved a $20 million commitment to Genstar Fund XI that was made in March.

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