SDCERS Preparing for Infrastructure Portfolio Manager Search

The San Diego City Employees’ Retirement System reviewed their infrastructure portfolio with consultant Aon during the March 7th Board meeting. 

It was recommended that SDCERS prepare to issue a search for 1-2 core open-ended infrastructure managers. 

A formal recommendation is anticipated for the second half of 2024.

As of November 30, 2023, the $10.5 billion pension fund allocates approximately 2.6% to infrastructure with a target of 4%. The infrastructure portfolio is currently managed by GCM Grosvenor and Steptone.

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