San Diego County Employees Retirement Association

San Diego County Employees Retirement Association (SDCERA) is a public pension fund based in San Diego, California, managing approximately $3.2 billion in assets. The fund is responsible for administering retirement and related benefits for current and former employees of the County of San Diego. SDCERA employs a diversified investment strategy that includes alternative investments such as buyouts, energy, international private equity, real estate, timber, farmland, and venture capital. Its investment portfolio is composed of various asset classes, with allocations to U.S. equity, global equity, international equity, emerging market equity, fixed income, and private equity, among others. This strategic allocation aims to balance risk and return while ensuring the long-term sustainability of the pension fund.