Sacramento County (Calif.) Employees' Retirement System disclosed new commitments totaling $184 million in June and July transaction reports included with the pension fund's upcoming Aug. 17 board meeting materials.
The $11.8 billion pension fund committed $50 million to Ridgewood Water & Strategic Infrastructure Fund II, an infrastructure fund managed by Ridgewood Infrastructure; $40 million to OrbiMed Royalty & Credit Opportunities IV, an opportunistic credit fund managed by OrbiMed Advisors; €38 million ($39 million) to NREP Nordic Strategies Fund V, a non-core real estate fund managed by Nordic Real Estate Partners; $30 million to Shamrock Capital Content Fund III, a media royalty private equity fund managed by Shamrock Capital Advisors; and $25 million to Spectrum Equity X, a buyout fund managed by Spectrum Equity.
Ridgewood Infrastructure is a new manager for the pension fund. Previous investments with the other four managers were $25 million to OrbiMed Private Investments IX in April, $20 million to Shamrock Capital Debt Opportunities Fund I in 2021, and €32 million to NREP Nordic Strategies Fund IV and $25 million to Spectrum Equity IX in 2020.
As of June 30, the pension fund's actual allocations to private equity, real estate, private real assets and private credit were 11.3%, 9.4%, 7.2% and 4.9%, respectively.
