SCERS issues RFP for Alternative Assets Consultant

The US public pension prefers one consultant to cover its Absolute Return, Private Credit, Private Equity, Real Assets and Opportunities asset classes.

Institution: Sacramento County Employees’ Retirement System
Headquarters: Sacramento, United States
AUM: $9.71bn
Allocation to alternatives: 27.80%
Bitesize: $10-50m

Sacramento County Employees’ Retirement System launched a request for proposal to explore options in the marketplace for consultants to develop and monitor SCERS’ maturing alternatives portfolio. The alternatives portfolio includes the Absolute Return,
Private Credit, Private Equity, Real Assets and Opportunities asset classes.

As it stands, Verus Investments is SCERS’ general consultant and Cliffwater is their current consultant for Absolute Return, Private Equity, Private Credit and Real Assets. SCERS’ is seeking to find one consultant that can cover all the mentioned asset classes.

As illustrated in the charts below, the $9.51 billion US public pension devotes 27.80 percent of its full investment portfolio to alternative assets.

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