---
title: San Diego City Employees’ Commits $25M to Real Estate Fund
description: San Diego City Employees’ Commits $25M to Real Estate Fund.
---

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# [San Diego City Employees’ Commits $25M to Real Estate Fund](https://dakotafunds.com/dakota-funds/fundraising-news/san-diego-city-employees-commits-25m-to-real-estate-fund)

 Written by [Koncheng Moua, Director of Data Management and Strategy](https://dakotafunds.com/dakota-funds/author/koncheng-moua-director-of-data-management-and-strategy) | November 22, 2022

The San Diego City Employees’ Retirement System has committed $25 million to Waterton Residential Property Venture Fund XV.

According to meeting materials from the November 3 board meeting, “Waterton is targeting a first close on December 8, 2022 and expects commitments of $1.0 to $1.2 billion at that time” for the value-added real estate fund.

SDCERS’ real estate consultant, Meketa, assisted with the recommendation.

The $25 million commitment will bring SDCERS’ current non-core real estate exposure to approximately 28%. SDCERS’ targets 30% of their real estate exposure to non-core funds.

*For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of [Dakota Marketplace](https://www.dakota.com/dakota-marketplace)!*

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[View full post](https://dakotafunds.com/dakota-funds/fundraising-news/san-diego-city-employees-commits-25m-to-real-estate-fund)

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