San Diego City Employees’ Commits $25M to Real Estate Fund

November 22, 2022

Written By:
Koncheng Moua, Research Data Analyst

The San Diego City Employees’ Retirement System has committed $25 million to Waterton Residential Property Venture Fund XV.

According to meeting materials from the November 3 board meeting, “Waterton is targeting a first close on December 8, 2022 and expects commitments of $1.0 to $1.2 billion at that time” for the value-added real estate fund.

SDCERS’ real estate consultant, Meketa, assisted with the recommendation.

The $25 million commitment will bring SDCERS’ current non-core real estate exposure to approximately 28%. SDCERS’ targets 30% of their real estate exposure to non-core funds.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

marketplace free trial

Tags: Pension Funds, Alternatives, Real Estate

Related Posts

Pension Funds

Arlington County Employees’ Retirement System committed $25 million to buy out fund, BV Partners Fund XI.  Recently released minutes from the June 2 Board meeting confirm the commitment.  As of June...

Pension Funds

The Louisiana School Employees’ Retirement System has committed up to $25 million to a middle market buyout fund, Bernhard Capital Partners Fund III, staff confirmed in an email. BCP Fund III will...

Pension Funds Alternatives Credit

The San Francisco Employees’ Retirement System has approved an investment of up to $25 million to Centerbridge SPecial Credit Partners IV. The private credit fund managed by Centerbridge is...

Address

925 West Lancaster Ave
Suite 220
Bryn Mawr, PA 19010
Tel: (610) 642-1481

Dakota Live!