San Jose FCERS approves $3.8m commitment

Institution: San Jose Federated City Employees Retirement System
Headquarters: San Jose, United States
AUM: $2.11bn
Allocation to alternatives: 25.50%
Bitesize: $10-50m

San Jose Federated City Employees Retirement System announced a commitment of $3.80 million to Kimmeridge Energy Net Profits Interest Fund V.

The $2.11 billion US public pension has a 9.0 percent target allocation to private equity that currently stands at 19.10 percent. As illustrated in the chart below, San Jose FCERS has made a total commitment of $56.80 million to private equity funds so far in 2019.

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