SCERS has approved 2024 private debt pacing plan

The US public pension fund will target $160m to private debt, making commitments to four funds.

Institution: Sacramento County Employees’ Retirement System

Headquarters: Sacramento, US
AUM: 
$12.4 billion
Allocation to private debt:
3.3%

In its 2023 Year in Review and 2024 Annual Investment Plan, SCERS outlined the following for its 2024 plan: it will target $160 million to private debt, making commitments to four funds, with an average of $40 million per fund. SCERS expects to reach a 5% target in 2026, and will continue to be selective in making new commitments, focusing on specialist managers in corporate lending experience. It will make follow-on investments to existing managers/strategies.

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