The San Diego City Employees Retirement System (SDCERS) has committed $35 million to Clarion Alternative Sectors Fund, according to meeting materials from Jan. 9, 2026.
The Clarion Alternative Sectors Fund is an open-end, core-plus strategy managed by Clarion Partners. The fund invests in alternative real estate sectors, including senior housing, industrial outdoor storage and build-to-rent communities, according to meeting documents. The San Joaquin County (Calif.) Employees’ Retirement Association has committed $100 million to the fund.
SDCERS had $12.3 billion in total assets under management, as of June 30, 2025. As of then, it had a 10 percent real estate allocation target with $1.2 billion in total real estate assets.
