LP profile · Pension fund
San Diego City Employees' Retirement System
San Diego City Employees' Retirement System is a pension fund headquartered in United States (North America). Ranked #226 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
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.
Major Events
- No information available.
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.
Sources
- https://www.sdcers.org/
- https://content.sdcers.org/wp-content/uploads/2024/09/2012-Popular-Annual-Financial-Report.pdf
- https://theorg.com/org/san-diego-city-employees-retirement-system
- https://www.pionline.com/pension-funds/san-diego-city-employees-adds-solo-private-debt-diversified-strategies-allocations
- https://realassets.ipe.com/news/san-diego-city-employees-retirement-lifts-infrastructure-allocation-by-1/10066741.article
- https://content.sdcers.org/wp-content/uploads/2024/09/meketa-annual-real-estate-policy-and-investment-plan_fy-2025.pdf