The Sacramento County (Calif.) Employees Retirement System (SCERS) has committed $50 million to Sculptor Real Estate Fund V, a vehicle of Sculptor Capital Management. This commitment was made on Dec. 10, 2024, according to a spokesperson for SCERS.
Sculptor Real Estate Fund V is a closed-end fund that will invest in opportunistic debt, office, hotel, land, multifamily, retail, senior housing and distressed properties in Europe and the United States. A fundraising goal has not been determined. Its predecessor, Sculptor Real Estate Fund IV, closed with $2.6 billion of equity fundraising, placing it $600 million above its initial goal of $2 billion.
SCERS’ commitment follows commitments from Seattle City Employees’ Retirement System, Oregon Public Employees’ Retirement Fund, and Baltimore Fire and Police Employees Retirement System.
SCERS is a public p