The Stanislaus County Employees’ Retirement Association (StanCERA) provides retirement benefits to employees of Stanislaus County, California. With approximately $3 billion in total assets, StanCERA is one of the smaller 1937 Act county retirement systems in California.
Investment Strategy
StanCERA maintains a diversified portfolio across public equities, fixed income, and alternatives. The Board of Retirement sets investment policy and allocation targets. The alternatives program is focused and includes exposure to private equity and real estate through commingled funds.
Given the fund’s scale, StanCERA maintains a concentrated set of manager relationships with a focus on established firms that can accommodate smaller commitment sizes.
How to Approach
Fund managers should contact StanCERA in Modesto or their investment consultant. Given the $3 billion asset base, commitment sizes are modest. The fund values managers with strong track records, reasonable minimums, and institutional-quality operations.
Frequently Asked Questions
What is StanCERA's alternatives allocation?
StanCERA allocates approximately 12% of its $3 billion portfolio to alternatives including private equity and real estate. Given the fund's smaller scale, the alternatives program is focused on a select number of high-quality managers.
How does StanCERA invest in private equity?
StanCERA invests in private equity through commingled funds, primarily buyout and growth equity strategies. Commitment sizes are typically in the $10 million to $25 million range.
How can GPs approach StanCERA?
GPs should contact StanCERA in Modesto or their investment consultant. The fund evaluates managers on track record, fees, and operational quality. The Board approves all new manager relationships.
