San Bernardino County Employee Retirement Reviews Private Equity and Real Estate Target Commitments for 2024

At the December 14 board meeting, the San Bernardino County Employee Retirement Association reviewed 2024 commitment pacing targets for private equity and real estate.

It is recommended that $575 million be committed to private equity in 2024 in order to achieve and maintain the target allocation of 18% to private markets. As of June 30 2023, the Retirement Association’s current allocation is 17%.

In addition, it is recommended that $120 million be committed to real estate in 2024 in order to achieve and maintain the target allocation of 5%. As of March 31 2023 the Retirement Association’s current allocation is 5.8%.

The General Consultant, NEPC, assisted with the recommendations.

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