At its meeting on August 28, 2018, the Board of Retirement
approved a $20 million capital commitment to ABRY Advanced
Securities Fund IV, L.P., as part of SamCERA’s private equity
portfolio.
The Board of Retirement also approved the implementation of a
passive 50% developed market currency hedge utilizing SamCERA’s
current cash overlay manager, Parametric, and allocating in 10%
quarterly tranches.
No further board action was taken related to SamCERA’s investment
commitments or hires.