The $14.5 billion Sacramento County (Calif.) Employees’ Retirement System (SCERS) committed $100 million to infrastructure during the month of July. According to a report of investment activity for the month, the pension fund invested $50 million each in the Aberdeen Global Sustainable Infrastructure Partners IV, managed by Aberdeen Investments, and KKR Global Infrastructure Investors V, managed by KKR & Co.
Aberdeen Global Sustainable Infrastructure Partners IV has a fund size of $500 million, and KKR Global Infrastructure Investors V is targeting $20 billion, according to the SCERS report. Both funds represent new investments for the pension fund.
In related news, on Aug. 12, SCERS reported a 10.8 percent total fund return for the fiscal year ending June 30, net of fees, exceeding the system’s policy index return of 9.9 percent.
SCERS also outperformed its benchmark over the longer five-year and 10-year periods, placing the pension fund’s performance
