San Diego pension doubles commitment to KKR spinout


San Diego, palm trees
A passenger jet flies past a grove of palm trees as it departs San Diego, California December 13, 2010. REUTERS/Mike Blake
  • Assets under management: $12.4 billion
  • Target allocation to PE/VC: 8 per cent
  • Actual allocation to PE/VC: 7.1 per cent
  • PE/VC strategy: Roughly a third of the pension’s private assets are in private equity (32 per cent), while the balance is made up by real estate (38.7 per cent) and private real assets (29.3 per cent).
  • Key advisors/consultants: Aon
  • Who to contact for a meeting: Steve Sexauer ([email protected]); or Mary Montgomery ([email protected])
  • Why this is important: Public Pension Capital’s evergreen fund gets a vote of confidence from institutional investors
San Diego County Employees’ Retirement Association has doubled, to $100 million, its commitment to an evergreen fund run by two former partners of Kohlberg Kravis Roberts & Co. At a board meeting last week, CIO Stephen Sexauer said the board had approved ...

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