Sacramento County (Calif.) Employees' Retirement System committed a total of $200 million to five alternative funds, said Steve Davis, chief investment officer.
At its Wednesday meeting, the board committed $50 million to RCP Fund XIII, a buyout fund of funds managed by RCP Advisors; and $45 million each to two buyout funds: Thoma Bravo Fund XIII and TSG8, managed by TSG Consumer Partners.
The board also committed $35 million to Asana Partners Fund II, a closed-end non-core real estate fund; and $25 million to RCPDirect III, RCP Advisors' co-investment buyout fund of funds.
The pension fund's actual allocation to private equity was 9.2% as of June 30. Its total real estate exposure was 9.5%.
Separately, the system's investments with two Asia-focused opportunistic real estate funds managed by Carlyle Group — a $6.1 million investment with Carlyle China Realty and $39.8 million with Carlyle China Rome Logistics — remain on watch due to changes in management structure and Carlyle planning to exit the Asia real estate business by year-end.
