The Riverside County Employees’ Retirement Association (Riverside CERA) provides retirement benefits to employees of Riverside County, California, and participating special districts. With approximately $12 billion in total assets, Riverside CERA is one of the larger California 1937 Act county retirement systems.
Investment Strategy
Riverside CERA maintains a diversified portfolio across public equities, fixed income, private equity, real estate, infrastructure, and other alternatives. The Board of Retirement sets allocation targets informed by asset-liability studies.
The alternatives program includes private equity across buyout, growth, and venture strategies. Real estate spans core and value-add funds. Infrastructure provides inflation protection and stable cash flows. The fund has built its alternatives program over the past 15 years.
How to Approach
Fund managers should contact the Riverside CERA investment team or engage through their consultant. The fund evaluates managers on track record, team quality, strategy differentiation, and fee terms. GPs should present a clear fund overview and audited performance history.
Frequently Asked Questions
What is Riverside CERA's alternatives allocation?
Riverside CERA allocates approximately 16% of its $12 billion portfolio to alternatives including private equity, real estate, and infrastructure. The fund has a well-developed alternatives program managed by an experienced internal team.
How does Riverside CERA invest in private equity?
Riverside CERA invests across buyout, growth equity, and venture strategies through commingled funds and selectively pursues co-investments. Typical commitment sizes range from $25 million to $75 million per fund.
How can GPs approach Riverside CERA?
GPs should contact the Riverside CERA investment team or their consultant. The fund evaluates managers based on performance, team stability, and strategy differentiation. The Board of Retirement approves all commitments.
