The San Mateo County (Calif.) Employees Retirement Association (SamCERA) has reupped in Stockbridge Value Fund V with a new $30 million commitment, IREI has learned.
The value-add Stockbridge Value Fund V will target a mixture of office, industrial, retail and apartments in the United States.
The previous fund in the series, Stockbridge Value Fund IV, held a final close in April 2021. The vehicle exceeded its $500 million fundraising target and closed with a total of $562 million. Stockbridge Value Fund IV targets distressed industrial, multifamily, retail and office investments across the United States. SamCERA also contributed $30 million to that fundraise in 2020.
SamCERA could not be reached to comment on its investment activity at the time of publication.
As of Sept. 30, 2022, SamCERA had a 10 percent allocation to real estate, against a 9 percent target.
