The San Diego County Employees’ Retirement Association (SDCERA) will soon begin interviews for a new position, director of private markets, and expects to fill the post by the end of summer, a spokesperson for the system told sister publication Private Equity International.
The new director’s duties will include making recommendations on private market (which includes private equity, real estate and real assets like infrastructure) investment policy, monitoring capital markets and economic forecasts and negotiating contracts with outside private market investment managers, according to SDCERA documents.
Prior to the creation of the new position, private markets duties were handled by the system’s chief executive officer and acting assistant chief investment officer, according to a spokesperson for SDCERA.
Recently, SDCERA selected Wurts & Associates as its general investment consultant. The general investment consultant will provide the board and staff with advice and recommendations across its investment portfolio and help review asset allocation.