At its meeting on August 23, 2022, the Board of Retirement approved a $15 million commitment to Angelo Gordon CSF2A (Annex) Dislocation Fund LP, as part of SamCERA’s growth risk-bucket within opportunistic credit (fixed income asset class).

Pursuant to Government Code Section 54957/1(a)(7), it was also reported that the Board, during closed session at its April 28, 2022 meeting, authorized the sale of SamCERA’s interests in three funds — Angeles Equity Partners I L.P., JLL Partners Fund VII L.P., and New Enterprise Associates 14 L.P. – in the secondary marketplace if certain parameters were satisfied. If was further announced that the investment transaction had closed. Section 54957.1(a)(7) provides for the reporting of the approval of sales or purchases of investments at the first open meeting following the closing of such transactions.

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.