SCERS approves $20m commitment

The US public pension has backed a Western Europe focused fund.

Institution: Sacramento County Employees’ Retirement System 
Headquarters: Sacramento, United States
AUM: $10.36bn
Allocation to alternatives: 27.10%
Bitesize: $10-$50m

Sacramento County Employees’ Retirement System announced a commitment of $20 million to Summit Partners Europe Growth Equity Fund III in its meeting this week.

The US public pension has a 9.0 percent target allocation to private equity that currently stands at 9.30 percent.

The LP has made five commitments to funds with a 2019 or 2020 vintage, which combined constitute $125 million.

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