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Investors - FEBRUARY 11, 2020

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Sacramento County launches tender for alternative assets consultant

by Kali Persall

The $10 billion Sacramento County (Calif.) Employees’ Retirement System (SCERS) is seeking a consultant for its alternative assets portfolio, according to a request for proposals (RFP) posted on SCERS’ website.

The alternative assets consultant works with the pension fund’s investment staff to help develop and maintain strategic plans for the system’s absolute return, private equity, private credit, real assets and real estate investments. This includes manager selection, monitoring and due diligence, maintaining liquidity and pacing projections, and board education.

SCERS said that while it would prefer one consultant to cover all of the aforementioned asset classes, potential consultants may express interest in the entire mandate or specific asset classes within the mandate.

As of Dec. 31, 2019, SCERS had a target allocation of 39 percent dedicated to its alternatives portfolio, which consists of 7 percent

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