The Sacramento County Employees’ Retirement System (SCERS) provides retirement benefits to employees of Sacramento County, California. With approximately $12 billion in total assets, SCERS is one of the 20 county retirement systems operating under California’s County Employees Retirement Law of 1937.
Investment Strategy
SCERS maintains a diversified investment portfolio across public equities, fixed income, private equity, real estate, infrastructure, and other alternatives. The Board of Retirement sets strategic allocation targets informed by asset-liability studies. The internal investment team manages the portfolio with support from external managers and consultants.
The alternatives program is well-established and includes private equity investments across buyout, growth, and venture strategies. Real estate allocations span core, value-add, and opportunistic funds. Infrastructure investments target essential assets with stable cash flows. SCERS has been building its alternatives program for over 15 years.
How to Approach
Fund managers should contact the SCERS investment team in Sacramento. The fund evaluates managers based on track record, team quality, strategy differentiation, and fee competitiveness. SCERS works with investment consultants and attends industry conferences. GPs should present a concise fund overview and audited performance history.
Frequently Asked Questions
What is SCERS's alternatives allocation?
SCERS allocates approximately 20% of its $12 billion portfolio to alternatives including private equity, real estate, and infrastructure. The fund has a well-established alternatives program managed by an experienced internal team.
How does SCERS approach private equity?
SCERS invests across buyout, growth equity, and venture strategies through commingled funds. The fund also pursues co-investments alongside existing GP relationships. Typical commitment sizes range from $25 million to $75 million per fund.
How can GPs engage with SCERS?
GPs should contact the SCERS investment team in Sacramento. The fund evaluates managers through a structured process including consultant review, staff due diligence, and Board approval. SCERS attends industry conferences and is open to direct outreach.
