The San Diego County Employees’ Retirement Association approved two commitments to real estate and private equity totaling $250 million, according to materials from the March 21st board meeting.
In real estate, $150 million was committed to RREEF (DWS) Core Plus Residential. This represents an existing relationship for the fund, having invested in their Americas II Fund in 2023.
And in private equity, $100 million was allocated to a reinvestment with New Mountain Capital.
Consultant Aon assisted with the investments.
As of December 31, 2023, the fund was valued at approximately $17 billion.
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!
