San Jose Federated Discloses 8 Investments Totaling $111M

The San Jose Federated City Employees’ Retirement System has disclosed 8 investments in the first half of 2023 totaling $111 million.

$5 million was committed to the private equity fund, Pain & Schwartz Food Chain Fund VI. Also in private equity, $25 million was committed to the Neuberger Berman SJFED Private Equity Strategic Partnership.

$5 million was allocated to Lime Rock Partners IX, an infrastructure fund. $5 million was invested in another infrastructure fund, Ridgewood Water & Strategic Infrastructure Fund II.

In emerging markets, $23 million was invested with Payden Emerging Markets Debt.

$10 million was invested in the Unifi Capital K India Fund. Unifi Capital is a hedge fund based in India.

$8 million was committed to the Octagon CLO Opportunity Fund V.

Lastly, $30 million was invested in the Burgundy US Small Cap Core fund.

Also disclosed in the report from the August 29 meeting were two manager terminations. Cove Street Small Cap Value and Credit Suisse Risk Parity Commodities were terminated.

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