As of June 30, 2024, Sacramento County Employees' Retirement System had an investment portfolio valued at $13.32 billion, covering cash, fixed-income securities, publicly traded equities, natural resources, real assets, infrastructure, hedge funds, real estate, and private equity. The system returned 5.5% over 1 year, 4.0% over 3 years, 8.2% over 5 years and 7.4% over 10 years, compared with benchmark returns of 5.4%, 3.8%, 8.0%, and 7.1%, respectively. The private equity portfolio was valued at $1.53 billion on June 30, 2024, which is 11.5% of the total portfolio, up from $1.49 billion on March 31, 2024. It is currently overweight relative to the target allocation range of 11%. Its holdings include venture capital fund, private equity growth expansion, mezzanine, private debt, diversified private equity, fund of funds and buyout strategies. The pension fund will consider first-time fund investments of any kind. The board of trustees governs the plan's investments, with Mr. James Diepenbrock as President of the Board of Trustees. Verus, Cliffwater, and The Townsend Group are the LP Consultants.
| Investor | Type | Based in | Focus | AUM | Contacts |
|---|---|---|---|---|---|
| Morgan Stanley Investment Management | Fund of Funds | New York | Debt & credit · Core · Co-investment | $1.6T | 1 |
| Blackstone Group - Fund of Funds and Secondary | Fund of Funds | New York | Multifamily · Industrial · Core | $1.1T | 16 |
| New York Life Investment Management | Asset Manager | New York | Multifamily · Industrial · Co-investment | $740B | 5 |
| Brookfield Asset Management | Asset Manager | Toronto, Canada | Multifamily · Industrial · Opportunistic · Joint venture | $690B | 12 |
| KKR | Asset Manager | New York | Multifamily · Industrial · Core · Co-investment | $553B | 11 |
| Ares Management | Asset Manager | Los Angeles | Multifamily · Industrial · Core | $546B | 16 |
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