Hammes Partners, an institutional investment management firm focused on U.S. healthcare real estate, picked up the Sacramento County (Calif.) Employees Retirement System (SCERS) as an investor in its Hammes Partners IV fund, which closed in March with $739 million of capital commitments.
SCERS contributed $40 million to the value-add fund on behalf of its noncore real estate portfolio, a meeting document shows. SCERS was a new investor with Hammes Partners. SCERS could not be reached for further comment on its investment at the time of publication.
Hammes Partners IV was oversubscribed at its final close, reaching its hard cap within seven months of launch. The fund was backed by existing investors and consulting relationships and received substantial interest from a diver
