San Mateo ERA Commits $45M to Private Equity

The San Mateo Employees’ Retirement Association has disclosed two private equity investments totaling $45 million.

$25 million was committed to the buyout fund, Gridiron Capital Fund V. In addition, $20 million was committed to the Charlesbank Technology Opportunities Fund II. 

As of March 31, 2023, San Mateo County has an actual and target allocation to private equity of 6.4% and 7% respectively.

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