Sacramento County Employees' Retirement System

About Sacramento County Employees' Retirement System

Sacramento County Employees' Retirement System investment portfolio is valued at $13.32 billion, as of June 30, 2024, with investments in private equity, real estate, hedge funds, infrastructure, real assets, natural resources, publicly traded equities, fixed-income securities, and cash. Its returns for the 1 year, 3 years, 5 years, and 10 years were 5.5%, 4.0%, 8.2%, and 7.4%, compared to the benchmark returns of 5.4%, 3.8%, 8.0%, and 7.1%, respectively. As of June 30, 2024, the private equity portfolio was valued at $1.53 billion, representing 11.5% of the total portfolio. This is an increase compared to March 31, 2024, when the private equity portfolio was valued at $1.49 billion. The private equity portfolio is currently overweight compared to the target allocation range of 11%. The private equity portfolio investments include buyouts, fund of funds, diversified private equity, private debt, mezzanine, private equity growth expansion, and venture capital fund strategies. The pension fund is open to any first-time fund investments. The plan's investments are governed by the board of trustees, with Mr. James Diepenbrock serving as President of the Board of Trustees. Verus, Cliffwater, and The Townsend Group serve as the LP Consultants.