The San Diego Employees’ Retirement System (SDCERS) set a $200 million pacing plan for fiscal year 2027, according to meeting materials.
No new core commitments were recommended, and SDCERS will consider consolidating core investments. Commitments of $35 million to $50 million, totaling $150 million, have been recommended to noncore equity funds. Commitments of $25 million to $50 million, totaling $50 million, have been recommended to noncore debt funds.
These recommendations are made to enhance the diversification, income generation and outperformance of the fund’s real estate portfolio.
As of August 31, the public pension fund had $13.1 billion in total assets under management, with a 10 percent real estate allocation target and $1.3 billion in total real estate assets.
