The Sacramento County Employees’ Retirement System has committed $65 million to two private equity funds, according to meeting materials from the upcoming February 15 meeting.
$35 million is to be allocated to the buyout fund, Accel-KKR Capital Partners VII. In addition, $30 million will be committed to Khosla Ventures VIII, a venture capital fund managed by Khosla Ventures.
As of December 31, 2022, the nearly $12 billion pension fund allocates approximately 10.4% to fixed income, while they target 11.0%.
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