San Diego City Employees’ Retirement System plans to commit roughly $125 million to private equity and infrastructure investments in 2016, down from the $170 million projected for 2015, according to a private equity and infrastructure investment plan for the $6.7 billion pension plan.
So far, SDCERS has committed $115.9 million to 15 new investment opportunities for its $390 million private equity and infrastructure portfolio, according to a report by SDCERS’ private markets consultant StepStone. All of those commitments were to private equity.
The investment plan is included in a summary of actions from the Nov. 13 meeting.
Separately, the SDCERS audit committee — at its Dec. 9 meeting — will discuss launching an RFP for independent financial audit services. Macias Gini & O’Connell is the incumbent. If approved by the board, the RFP could be launched as early as Jan. 8, with proposals due Feb. 12 and a selection made March 11.
The RFP would be posted on SDCERS’ website.