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.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting, and will be posted shortly thereafter.