Sacramento County Employees’ Retirement Reviews 2024 Investment Plan
Written by: Helen Bascom, Marketing Associate
The Sacramento County Employees’ Retirement System reviewed their 2024 investment plan at the recent November board meeting.
The highlights from the investment plan for 2024 include:
- Absolute Return:
o Target 1 Fund; $50 million per fund
o Hedge Fund education
o Evaluate potential additions of new strategies to bring the portfolio in line with the 7% target allocation
- Private Credit:
o Target $160 million across 4 funds; $40 million per fund
o Follow-on investments
o Niche and specialty lending/leasing strategies
o Hard collateral based or intellectual property-based lending
o Pan-Asia direct lending
- Private Equity:
o Target $250 million across 8 fund; $35 million per fund
o Follow-on investments
o Focus on buyout managers
o Consideration of venture capital exposure
- Real Assets:
o Target $180 million across 4 funds; $45 million per fund
o Small-midsized infrastructure
o Developing and Emerging Market infrastructure
o Agriculture and strategies across the food value chain
o Aviation and transportation
o Environmentally driven strategies
- Real Estate:
o Target $120 million across 3 non-core funds; $40 million per fund
o Limited opportunities in core over the short term
o Specialty/niche property types
o Europe and Asia core/core plus and value add strategies
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