At the December 14 board meeting, the San Bernardino County Employee Retirement Association reviewed 2024 commitment pacing targets for private equity and real estate.
It is recommended that $575 million be committed to private equity in 2024 in order to achieve and maintain the target allocation of 18% to private markets. As of June 30 2023, the Retirement Association’s current allocation is 17%.
In addition, it is recommended that $120 million be committed to real estate in 2024 in order to achieve and maintain the target allocation of 5%. As of March 31 2023 the Retirement Association’s current allocation is 5.8%.
The General Consultant, NEPC, assisted with the recommendations.
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