San Diego City Employees' Retirement System

About San Diego City Employees' Retirement System

San Diego City Employees' Retirement System is a public pension fund with an investment portfolio of $11.3 billion as of June 30, 2024, held in cash, fixed-income securities, publicly traded equities, natural resources, real assets, infrastructure, hedge funds, real estate, private equity, and other alternative asset class funds. Over the quarter and over three, five, and ten years it returned 0.6%, 3.5%, 6.8%, and 6.7%, compared to benchmark returns of 1.0%, 3.4%, 7.4%, and 6.9%, respectively. At June 30, 2024, private equity was valued at $1.43 billion, or 12.7% of the total portfolio, including $212.98 million in private debt strategies. This is down from $1.51 million at December 31, 2023. Private equity returns over the quarter and over three, five, and ten years were 0.5%, 4.1%, 10.9%, and 13.0%, compared to benchmark returns of 1.3%, 7.9%, 15.8%, and 13.6%, respectively. Private equity investments include venture capital fund strategies, funds of funds, secondaries, mezzanine, distressed debt, co-investment, private equity growth expansion, and buyouts. At June 30, 2024, the infrastructure portfolio was valued at $320.22 million. Ms. Carina Coleman serves as Chief Investment Officer, and the fund's investments are governed by its executive management team. Aon serves as LP Consultants.

Real estate mandate

Contacts at San Diego City Employees' Retirement System