San Diego City Employees’ readies $375 mln over three years for PE

San Diego City Employees' Retirement System, private equity, pension fund, GCM Grosvenor, StepStone Group
A passenger plane approaches to land as other aircraft taxi to the runway at the San Diego International Airport in San Diego, California, April 22, 2013. Photo courtesy REUTERS/Mike Blake
San Diego City Employees’ Retirement System will likely commit around $375 million to private equity over the next three years through its separate account with GCM Grosvenor. At its meeting earlier this month, the city’s investment board elected to move ...

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