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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.

Platinum subscribers may click here for the SBCERA’s full profile, including key contacts, allocation strategy and fund investments.