Board of Retirement Investment Information

At its meeting on April 28, 2020, the Board of Retirement approved an initial investment of 4% of plan assets (or approximately $180 million) in the NISA Core Bond strategy to be placed in the Diversifying risk category (Fixed Income asset class composite) within the Core Fixed Income portfolio.

The Board of Retirement approved changes to the international equity manager structure, including the removal of SamCERA’s dedicated emerging markets allocation, changing SamCERA’s current passive MSCI EAFE mandate to a MSCI ACWI ex-US IMI mandate, and repositioning the proceeds from the dedicated emerging markets allocation so that the allocation across Baillie Gifford, Mondrian and BlackRock are similar.

The Board also approved a full redemption from the AQR Delta XN fund.

No further board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting and will be posted shortly thereafter. 

Board of Retirement Investment Information

At its special meeting on March 8, 2021, the Board of Retirement approved a $20 million capital commitment to Vision Ridge Sustainable Asset Fund III, LP, as part of SamCERA’s Infrastructure portfolio within Private Real Assets.

The Board then approved a $15 million capital commitment to Strategic Value Special Situations Fund V, LP, as part of SamCERA’s Debt-Related/Special Situations portfolio within Private Equity.

The Board then approved a $20 million capital commitment to Genstar Capital Partners X, LP, as part of SamCERA’s Buyout portfolio within Private Equity.

Lastly, the Board approved a $10 million capital commitment to Eclipse Fund IV, LP, as part of SamCERA’s Venture Capital portfolio within Private Equity.

No further board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting and will be posted shortly thereafter. 

Board of Retirement Investment Information

At its meeting on July 16, 2019, the Board of Retirement approved a commitment of $30 million to Harrison Street Core Property Fund, L.P., as part of SamCERA’s real estate portfolio.

No further board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting, and will be posted shortly thereafter.