The San Joaquin County (Calif.) Employees’ Retirement Association (SJCERA) is considering potential increases to private market allocations, including private credit, real estate and private equity. These increases are in alignment with the fund’s 2025 board-approved asset allocation plan.
The public pension fund is also reviewing its current benchmark options to assess and evaluate its current allocations, with potential updates including adjustments to methodology, coverage and performance characteristics.
As of Dec. 31, 2025, SJCERA had $5.2 billion in total assets under management, with $486 million in total real estate assets and a 17 percent real estate allocation target.
