SDCERS awards contract to Meketa Investment Group

The San Diego pension has approved a real estate board investment consultant contract.

Institution: San Diego City Employees’ Retirement System
Headquarters: San Diego, United States
AUM: $10.8 billion
Allocation to alternatives: 24.7%

San Diego City Employees’ Retirement System has selected Meketa Investment Group as its real estate investment consultant, a contact at the pension confirmed to PERE.

Aon Townsend, which was the pension’s previous real estate consultant, was a finalist along with Meketa Investment Group.

As illustrated in the charts below, SDCERS currently allocates 9.4 percent of its investment portfolio to real estate. As of September 30, the pension’s real estate portfolio was valued at approximately $1 billion. Elizabeth Crisafi is the current chief investment officer.

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