Sacramento County Commits $190M to Alts, Considers $950M for 2025 Investments

The Sacramento County Employees’ Retirement System made commitments across five funds totalling $190M and disclosed a total of $950M in commitment targets for 2025.

According to materials related to its November 20 board meeting, the pension allocated $50M to value-add real estate strategy WCP NewCold Fund III and $40M each to middle market buyout fund Linden Capital Partners VI, PE growth vehicle Oaktree Power Opportunities Fund VII, and hedge fund Capula Global Relative Value Fund, with another $20M to Capula Volatility Opportunities Fund.

The pension also released its updated pacing plan for 2025, increasing target allocations in real assets from $180M to $220M and real estate from $120M to $270M. SCERS intends to invest in between three to six funds for each asset class. 

Meanwhile, targets for absolute return, private equity, and private credit remain unchanged: the absolute return policy will maintain a $50M target for up to two funds; private equity will maintain its $250M target between six and eight funds; and private credit will maintain its $160M target between two and five funds. 

Overall, the pension targets up to $950M in investments allocated across 14 to 27 funds for 2025. 

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