The Sonoma County Employees’ Retirement Association (SCERA) provides retirement benefits to employees of Sonoma County, California. With approximately $4 billion in total assets, SCERA is one of California’s 1937 Act county retirement systems.
Investment Strategy
SCERA maintains a diversified portfolio across public equities, fixed income, private equity, real estate, and other alternatives. The Board of Retirement sets allocation targets based on actuarial studies.
The alternatives program includes private equity and real estate investments through commingled funds. SCERA has been building its alternatives program to improve long-term risk-adjusted returns while maintaining appropriate liquidity.
How to Approach
Fund managers should contact SCERA in Santa Rosa or engage through their investment consultant. SCERA evaluates managers on track record, team quality, and fee competitiveness. GPs should present a concise fund overview and documented performance history.
Frequently Asked Questions
What is SCERA's alternatives allocation?
SCERA allocates approximately 14% of its $4 billion portfolio to alternatives including private equity and real estate, representing roughly $560 million in alternatives exposure.
How does SCERA invest in private equity?
SCERA invests in private equity through commingled funds across buyout and growth equity strategies. Commitment sizes are typically in the $15 million to $30 million range.
How can GPs approach SCERA?
GPs should contact the SCERA investment team in Santa Rosa or their consultant. The fund values track record consistency, reasonable fees, and managers who accommodate mid-size commitments.
