The Sacramento County (Calif.) Employees Retirement System (SCERS) has approved a €42 million ($51 million) investment in Meridiam Infrastructure European IV, according to an April investment document.
Meridiam Infrastructure European IV is a closed-end fund managed by Meridiam Infrastructure Managers. The fund opened to investors in March and is seeking to raise $1.5 billion in capital commitments.
Meridiam Infrastructure European IV will invest in energy, greenfield, social infrastructure and transportation in Bulgaria, the Czech Republic, France, Spain and the United Kingdom.
SCERS previously invested in Meridiam Infra North America III. As of March 31, the pension fund had a 5.2 percent allocation to private real assets (which includes infrastructure), against a 7 percent target allocation.
