Institution: San Joaquin County Employees’ Retirement Association
Headquarters: Stockton, United States
AUM: $3.14 billion
Allocation to alternatives: 20.7%
San Joaquin County Employees’ Retirement Association has approved a $50 million commitment to Davidson Kempner Long Term Distressed Opportunities Fund V, according to the pension’s June 2020 retirement board meeting minutes.
As illustrated below, SJCERA’s recent commitments have been made to funds that focus on mezzanine/debt strategies in the North America region. Alternative investments constitute 20.7 percent of the pension’s entire portfolio.
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