San Diego City Employees' Retirement System

About San Diego City Employees' Retirement System

San Diego City Employees' Retirement System's investment portfolio is valued at $11.3 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, cash, and other alternative asset class funds. Its returns for the quarter, 3 years, 5 years, and 10 years were 0.6%, 3.5%, 6.8%, & 6.7%, compared to the benchmark return of 1.0%, 3.4%, 7.4%, & 6.9%, respectively As of June 30, 2024, the private equity portfolio was valued at $1.43 billion, representing 12.7% of the total portfolio. The private equity allocation consists of $212.98 million in private debt strategies. This is a decrease compared to December 31, 2023, when the private equity portfolio was valued at $1.51 million. As of June 30, 2024, the fund's private equity returns for the quarter, 3 years, 5 years, and 10 years were 0.5%, 4.1%, 10.9%, & 13.0%, compared to the benchmark return of 1.3%, 7.9%, 15.8%, & 13.6%, respectively. Investments in private equity include buyouts, private equity growth expansion, co-investment, distressed debt, mezzanine, secondaries, funds of funds, and venture capital fund strategies. As of June 30, 2024, the infrastructure portfolio was valued at $320.22 million. The fund's investments are governed by the executive management team, with Ms. Carina Coleman serving as Chief Investment Officer. Aon serve as LP Consultants.