SDCERS approves $65m commitment

The US public pension has backed a North America 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 $65 million to CBRE U.S. Core Partners (open ended).

The $8.29 billion US public pension has an 11 percent target allocation to private real estate that currently stands at 10.1 percent. As illustrated in the charts below, the pension has made its second commitment to a real estate open ended fund in 2019, totaling $95 million.

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