At its meeting on September 29, 2020, the Board of Retirement approved a $30 million capital commitment to Clayton, Dubilier & Rice Fund XI LP, as part of SamCERA’s private equity portfolio.

The Board also approved a re-up commitment of $35 million to White Oak Yield Spectrum Fund V, as part of SamCERA’s growth risk-bucket (fixed income asset class) within opportunistic credit.

The Board then approved an initial investment of $30 million in the CFM Systematic Global Macro strategy, as part of the diversifying risk-bucket (alternative asset class composite) within the absolute return portfolio.

Lastly, the Board approved an initial investment of $45 million in the Acadian Multi-Asset Absolute Return Strategy, as part of the diversifying risk-bucket (alternatives asset class composite) within the absolute return portfolio.

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.