Sacramento County Employees goes with debt, real estate funds

Sacramento County (Calif.) Employees’ Retirement System committed $45 million total to two alternatives funds, confirmed Scott Chan, chief investment officer.

The $7.5 billion pension fund committed $30 million to Summit Credit Fund II, a private debt fund managed by Summit Partners. The pension fund invested in the firm’s first credit fund as well.

The pension fund also committed $15 million to Jamestown Premier Property Fund, a core real estate fund.

Separately, the pension fund returned 16.5% for the year ended Dec. 31, surpassing the policy benchmark return of 14%.