SBCERA mulls partnership with Kayne Anderson

The US pension fund aims to enhance the investment flexibility with separate managed account strategy.

The San Bernadino County Employees’ Retirement Association (SBCERA) considers a separate managed account (master custodial account) appointment to target various strategies.

SBCERA proposes to allocate $150 million to Kayne Anderson over the coming years to invest through funds, co-investments, and direct investments.

It allocates 14.5 percent of assets in its portfolio to private equity investments.

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