Sacramento County (Calif.) Employees' Retirement System disclosed two new commitments totaling $50 million.
The $13.3 billion pension fund committed $30 million to Oaktree Power Opportunities Fund VI, an energy-focused buyout fund managed by Oaktree Capital Management, and $20 million to Seven Seas Japan Opportunity Fund, a non-core real estate fund focused on investments in Japan managed by Seven Seas Advisors, according to a February transaction report included with the pension fund's upcoming March 16 board meeting materials.
As of Dec. 31, the actual allocations to private equity and real estate were 10.1% and 7.6%, respectively; the respective targets are 9% and 7%.
Steve Davis, chief investment officer, could not be immediately reached for further information.
