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Sacramento County Employees backs Sculptor’s Fund IV as part of rebalancing
Investors - AUGUST 18, 2020

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Sacramento County Employees backs Sculptor’s Fund IV as part of rebalancing

by Kali Persall

Sacramento County (Calif.) Employees Retirement System (SCERS) has committed $30 million to Sculptor Real Estate Fund IV, a closed-end, opportunistic real estate fund managed by Sculptor Capital Management, according to a portfolio allocation report from August.

Opened to investors in December 2018, Sculptor Real Estate Fund IV is looking to invest $2 billion into opportunistic debt, office, hotel, land, multifamily, retail, senior housing and distressed properties in Europe and the United States.

The investment was made as part of a rebalancing of SCERS’ overall portfolio through an overlay program which is managed by State Street Global Advisors (SSGA). The program rebalances the asset allocation to policy targets and also invests available cash, in a manner which replicates SCERS’ policy target strategic asset allocation.

SCERS noted the real return ass

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