Sacramento County (Calif.) Employees’ Retirement System disclosed commitments and investments totaling $190 million in a 2024 investment year in review included with upcoming Nov. 20 board meeting materials.
The $13.3 billion pension fund disclosed commitments of $50 million to WCP NewCold Fund III, an opportunistic real estate fund concentrating on temperature-controlled storage facilities managed by Westport Capital Management, and $40 million each to middle-market buyout fund Linden Capital Partners VI, and Oaktree Power Opportunities Fund VII, an energy-focused buyout fund managed by Oaktree Capital Management; and investments of $40 million in fixed-income arbitrage fund Capula Global Relative Value Fund and $20 million in volatility arbitrage fund Capula Volatility Opportunities Fund, both managed by Capula Investment Management.
As of June 30, the pension fund’s actual allocations to private equity, real estate and absolute return were 11.5%, 8.5% and 7%, respectively; their respective targets are 11%, 9% and 7%.
