FUNDRAISING NEWS | June 11, 2024
A recent news release has disclosed the commitment of $60 million to real estate and private equity funds by the San Mateo County Employees’ Retirement Association.
At the June 4 board meeting, $35 million was allocated to Beach Point Capital Real Estate Debt Fund. The investment is part of SamCERA’s Inflation Hedge Category within the Real Estate portfolio.
The board also approved the allocation of $25 million to Quantum Energy Partners VIII. The investment will be part of SamCERA’s Natural Resources portfolio under the Inflation Hedge category within Private Real Assets.
As of April 30, the $6.3 billion retirement fund allocates 3.4% to real estate and 7% to private equity.
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Jane Bailey is a Marketing Associate at Dakota.
