SD
San Diego City Employees' Retirement System
Pension fund · Founded 1926 · San Diego, United States
Who San Diego City Employees' Retirement System is.
Where the institution came from, whose capital it manages, and how that capital is allocated — from Dealroom's LP research.
Historical Background
- The San Diego City Employees' Retirement System (SDCERS) was established in 1927 by the City of San Diego to administer retirement benefits for its employees.
- The San Diego Unified Port District joined SDCERS in 1963, followed by the San Diego County Regional Airport Authority in 2003, expanding the system's membership.
Source of Capital
- SDCERS is a multi-employer public pension fund.
- Capital is sourced from contributions made by the employees of the City of San Diego, the San Diego Unified Port District, and the San Diego County Regional Airport Authority, as well as from the investment returns of the fund.
Allocation Strategy
- SDCERS allocates capital across a diversified range of asset classes, including public equity, fixed income, real estate, private equity, and infrastructure.
- The system has a long-term perspective and has been investing in real estate since 1990, with a target allocation of 70% to Core and 30% to Non-Core real estate investments.
- In 2023, the board approved new standalone allocations of 5% to private debt and 4% to diversified strategies to enhance the portfolio's resilience.
- The pension fund is also increasing its target allocation to infrastructure to provide better inflation protection for its portfolio.
The funds San Diego City Employees' Retirement System backs.
San Diego City Employees' Retirement System is a limited partner in 120 funds. 13 of them place in the Power Law Investor Ranking, and the best-ranked are shown here.
How San Diego City Employees' Retirement System’s fund book is spread.
The 120 funds San Diego City Employees' Retirement System backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 9277%
- Europe 1916%
- Rest of world 98%
United States 91 · United Kingdom 13 · China 4 · Australia 2
How established those managers are
Managers grouped by how many funds they have raised. 37 emerging (three funds or fewer), 46 established — across the 83 of 120 with a fund history on record.
Other LPs.
Other pension funds in the Power Law LP ranking, closest to San Diego City Employees' Retirement System by combined power-law score — North America first, then the nearest worldwide.