San Mateo County approves $30m commitment

The US pension's latest fund commitment deploys a value-add strategy.

Institution: San Mateo County Employees’ Retirement Association Headquarters: Redwood Shores, United States
AUM: $4.95 billion
Allocation to real estate: 8.7%

San Mateo County Employees’ Retirement Association has agreed to commit $30 million to Stockbridge Value Fund IV, according to the Board of Retirement’s August meeting.

Stockbridge IV is targeting $500 million, PERE data shows. The fund previously received a $50 million commitment from Montana Board of Investments. The pension allocates 8.7 percent of its $4.58 billion fund to real estate.

As illustrated below, San Mateo County’s most recent real estate commitments focused on debt and value-add strategies.

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