Sacramento reveals $111 million in commitments
Sacramento reveals $111 million in commitments
Pension fund also maintains watch on Lakewood Capital Partners
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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.
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