Sacramento County Commits to Alternatives

The Sacramento County Employees’ Retirement System (SCERS) has revealed commitments to five alternative funds, according to meeting materials from the upcoming August 17 board meeting.

In June, SCERS committed $40 million to private credit fund, OrbiMed Royalty & Credit Opportunities IV. Also in June, $30 million was committed to Shamrock Capital Content Fund III, which will invest in royalty streams backed by entertainment assets.

SCERS made three additional commitments in July. $25 million was allocated to private equity fund, Spectrum Equity Fund X. $50 million was committed to Ridgewood Water & Strategic Infrastructure Fund II, managed by Ridgewood Infrastructure. Approximately $38 million was committed to opportunistic real estate fund, NREP Nordic Strategies Fund V.

As of June 30, 2022, the $11.8 billion pension allocates approximately 2.8% to private credit, 15.1% to private equity, 7.2% to real assets, and 9.4% to real estate.

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