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).
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 ...