StanCERA approves $15m commitment

The pension has committed to a fund focused on growth stage software companies.

Institution: Stanislaus County Employees Retirement Association
Headquarters: Modesto, United States
AUM: $1.99 billion
Allocation to Alternatives: 24.37%
Bitesize: $10-50m

StanCERA has committed $15 million to Insight Venture Partners XI, according to the pension’s April 2020 meeting minutes. The venture capital fund invests in the TMT sector across North America, Asia-Pacific, and Western Europe.

The $1.99 billion pension fund has a 6.0 percent target allocation with a sub-asset class target of 4.0% to buyouts and 2.0% to venture capital.

As illustrated below, StanCERA has recently committed to funds that focus on the TMT sector across North America.

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