Sacramento County (Calif.) Employees' Retirement System committed about $111 million to three alternatives funds, confirmed Steve Davis, chief investment officer of the $12 billion pension plan.
SCERS committed €42 million ($51 million) to Meridiam Sustainable Infrastructure Europe IV. It also committed $40 million to Ares Capital Europe V, a direct lending fund managed by Ares Management; and $20 million to Shamrock Capital Growth Fund V, a buyout fund managed by Shamrock Capital Advisors.
In addition, documents from the pension fund show that Lakewood Capital Partners remains on watch for performance reasons. The hedge fund manages $52 million for the pension fund. A representative from Lakewood could not be immediately reached for comment.
