At its meeting on April 26, 2022, the Board of Retirement approved an initial investment of 1.5% of plan assets (or approximately $90 million) to a cashflow matching investment mandate with Insight Investment, to be placed in SamCERA’s Fixed Income/Liquidity asset class.

The Board also approved a $60 million commitment to KKR Diversified Core Infrastructure Fund, LP, as part of SamCERA’s Infrastructure portfolio within Private Real Assets.

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.