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San Diego Gets Into Private Equity

The San Diego City Employees' Retirement System has issued an RFP for a discretionary private equity advisor. This would be the $5 billion system's first foray into private equity, and is anticipating a 5% allocation. 



The San Diego City Employees' Retirement System (SDCERS) has issued a Request for Proposals (RFP) for a Discretionary Private Equity Advisor.


SDCERS is requesting proposals from a variety of gatekeepers, including fund-of-funds as well as traditional separate account consultants to help initiate and develop a diversified, global, broad-market private equity portfolio.


This is the first allocation to this asset class for SDCERS which has no legacy private equity investments. The Board has approved a 5% target allocation of the trust fund's US$5 billion in assets to the private equity asset class. SDCERS initially anticipates committing approximately $100 – 150 million per year to its private equity program.


To be considered, interested parties must deliver 5 copies of their proposal and all associated documents in a sealed package, no later than 3:00 pm Pacific Time on Friday, August 1, 2008 to:



Corey Buuhoan

Head of Private Equity

401 West A Street, Suite 400,

San Diego, CA 92101



Additional information about the RFP may be found on the SDCERS website at under the About SDCERS section, on the Request for Proposals page. Interested parties should email Christina Tamayo at or call 619-321-1719 to request an electronic copy of the RFP and associated documents.