Searches and Hires

Sacramento County slates $107 million for 3 alternatives funds

Sacramento County (Calif.) Employees' Retirement System committed $107 million to three alternatives funds, documents from the $9.5 billion pension fund show.

At its meeting Wednesday, the pension fund disclosed a commitment of $35 million to OrbiMed Royalty & Credit Opportunities, managed by OrbiMed Advisors; and $32 million to Davidson Kempner Institutional Partners, a hedge fund run by Davidson Kempner Capital Management.

The pension fund also made a $40 million follow-on commitment to Brookfield Infrastructure Fund IV, managed by Brookfield Asset Management. SCERS previously had $40 million committed to the infrastructure fund.

Steve Davis, chief investment officer for the pension fund, could not be immediately reached for comment.