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

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!

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

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

Related Content

Virginia Retirement Commits $1.5B to Alts, Ends Nitorum, Orchard Investments
February 06, 2025

NY State Common Commits $1.5B to Alts in December 2024
February 05, 2025

LACERS Makes $395.1M in Alts Investments, Reviews Q3 2024 Performance
January 17, 2025

LACERA Approves $2.2B in Commitments to Seven Alts Funds
January 03, 2025

PSERS Invests $315M in PC, RE Funds, Welcomes New Board Member
December 20, 2024

The Database For Cold Outreach to Reach Institutional and RIA Investors

Book A Demo

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

Subscribe

Related Content

The Database For Cold Outreach to Reach Institutional and RIA Investors

Address

Products & Services

Resources

Events

Company