The $14.4B Sacramento County Employees’ Retirement System boosts its infrastructure appetite with new $100M commitments, within its real assets portfolio.
The pension has $50M dry powder left to allocate to its real assets’ portfolio for the remainder of the year, noted the chief investment officer’s report.
According to the recent meeting materials, the pension plan allocated $50M each to Aberdeen Global Sustainable Infrastructure Partners IV and KKR Global Infrastructure Investors V. Both managers are new relationships for the pension plan.
The Aberdeen Global Fund is focused on investing within the sustainable energy transition, particularly in renewable energy infrastructure. Other sectors within its investments include transportation, utilities, and digital infrastructure. The KKR Global fund is focused on investments within communications, energy, industrial, and utilities within multiple European markets.
As of June 30, 2025, the pension plan allocated 6.9% to its private real assets portfolio, against a target allocation of 7%. For the quarter ended June 30, the real assets portfolio returned 2.7% against a target benchmark of 1.8%.
The total portfolio returned 6% against the benchmark of 5.5%. Other funds among the pension fund’s real assets roster include Brookfield Infra IV, ArcLight Energy VI, and Digital Colony Partners II.
The pension plan will present the results of its liquidity study during its upcoming September board meeting.
