San Diego County Employees' Retirement Association

About San Diego County Employees' Retirement Association

San Diego County Employees' Retirement System's investment portfolio is valued at $17.69 billion as of June 30, 2024, with investments in domestic and international equity, hedge funds, fixed income, private equity, real estate, and cash. Its returns for the quarter, 1 year, 3 years, 5 years, and 10 years were 1.5%, 11.3%, 3.4%, 6.9%, and 6.3% compared to the benchmark return of 1.6%, 11.8%, 3.0%, 7.3%, and 6.4%, respectively. As of June 30, 2024, the private equity portfolio was valued at $550.21 million, representing 3.1% of the total portfolio. The private equity allocation consists of $180.98 million invested in private debt strategies. The private equity portfolio is currently underweight compared to the target allocation of 9%. Investments in private equity include buyouts, debt, fund of funds, mezzanine, private growth equity, co-investments, distressed debt, secondaries, and venture capital fund strategies diversified in geographical locations across the globe. As of June 30, 2024, the real asset portfolio was valued at $288.23 million. The plan's investments are governed by the board of retirement, with Mr. David Gilmore serving as Chairman of the Board of Retirement. Albourne America and Aon Hewitt Investment Consulting serve as LP Consultants.