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SDCERS approves $30m commitment

The US public pension has backed a Western Europe focused fund.

Institution: San Diego City Employees’ Retirement System
Headquarters: San Diego, United States
AUM: $8.29bn
Allocation to Alternatives: 25.20%
Bitesize: $10-50m

San Diego City Employees’ Retirement System announced a commitment of $30 million to NREP Nordic Strategies Fund IV.

The $8.29 billion US public pension has an 11 percent target allocation to private real estate that currently stands at 10.10 percent. As illustrated in the charts below, the pension has committed a total of $125 million to real estate in 2019.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.