San Mateo Commits $20M to Private Equity

Tags: Pension Funds, Alternative Insights, Private Equity

The San Mateo Employees’ Retirement Association has made a $20 million commitment to Genstar Capital Partners XI.

The private equity investment was disclosed in meeting minutes from the March 28 board meeting.

As of December 31, 2022, the $5.6 billion retirement association has an actual and target allocation to private equity of 6.6% and 7% respectively.

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.

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