Sacramento County Commits $158M to Alts

The Sacramento County Employees’ Retirement System has four alternative investments totaling approximately $158 million.

€30 million (approximately $33M) was committed to the private equity fund, CVC Capital Partners Fund IX. $40 million was approved for Ara Partners Fund III, an energy fund. $50 million was allocated to Meridiam Infrastructure North America Fund IV. €32 (approximately $35M) was committed to Alchemy Special Opportunities Fund V, a distressed credit fund.

In addition to the alternative investments, it is being recommended that the Retirement System make a $75 million commitment to the Allspring Closed-End Global Equity strategy.

Also disclosed in the monthly investment activity report was the full redemption of two alternative managers. A full redemption was initiated for Third Point Partners Qualified, L.P., an event driven strategy in the absolute return portfolio. Additionally, the Brookfield Diversified Real Assets Strategy is being liquidated as part of an asset allocation revision.

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Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.