The Sacramento County Employees’ Retirement System (SCERS) has agreed to raise its private-equity pacing to $300m for 2026, marking the first increase in three years, according to a report by Buyouts citing a November 19 meeting.
The $300m will be split between five to nine different funds, with an average allocation of $40m each. It is part of a move towards the body having an exposure to private equity of 11%, after a climbdown from the decision to reduce its exposure from the 15.4%, or $340m, in 2022.
Investment staff also noted a commitment to specialist buyout funds, with investment in venture capital assets likely to decline.
