SJ
LP profile
San José Federated City Employees' Retirement System
Pension fund · Founded 1975 · San Jose, United States
16
VC firms backed
$3.0B
AUM
~$60M
Allocated to VC (est. 2%)
01 · Background
Who San José Federated City Employees' Retirement System is.
- Historical Background
- The San José Federated City Employees' Retirement System is a defined benefit retirement plan established to serve the employees and retirees of the City of San José. It operates under the San José Municipal Code Section 2.08.1000 and is managed by a Board of Administration.
- Source of Capital
- The system's capital is derived from both employer contributions from the City of San José and contributions from its employee members. These funds, along with investment earnings, are used to provide defined-benefit pensions and other benefits to qualified members.
- Major Events
- In February 2020, the board amended its charter to shift decision-making for venture capital investments from its investment committee to its staff, aiming for more flexibility.
- Allocation Strategy
- The system invests across a diversified range of asset classes, including public equity, fixed income, and alternatives. The portfolio includes allocations to private equity and venture capital, with a stated goal of managing diversification and due diligence in this area. The system's investment philosophy is guided by a formal Risk Policy to ensure the total portfolio's investment risk aligns with the Board's strategic goals.
02 · Fund commitments
The funds San José Federated City Employees' Retirement System backs.
San José Federated City Employees' Retirement System is a limited partner in 16 funds. 3 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Soma Capital
#31 Power Law
Innovation Endeavors
#146 Power Law
Crosslink Capital
#228 Power Law
Canvas Ventures
Crestline Investors
EQT Exeter
EQT Group
Fin Capital
GE Asset Management
GLP Capital Partners
Great Hill Partners
HIG Capital
Hudson Bay Capital Management
03 · Allocation
How San José Federated City Employees' Retirement System’s fund book is spread.
The 16 funds San José Federated 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 1594%
- Europe 16%
United States 15 · Sweden 1
How established those managers are
Managers grouped by how many funds they have raised — across the 12 of 16 with a fund history on record.
Emerging funds · 6
Established funds · 6
2
1
2
2
2
3
4
1
5-6
1
7-9
3
10-14
1
15+
Funds raised by the manager
04 · Other LPs
Other LPs.
Other pension funds in the Power Law LP ranking, closest to San José Federated City Employees' Retirement System by combined power-law score — North America first, then the nearest worldwide.
🇺🇸
DuPont Pension Trust Fund
$20B AUM
30 VC funds backed
🇺🇸
Ascension Health Master Pension Trust
$8.0B AUM
23 VC funds backed
🇺🇸
Eversource Retirement Plan Master Trust
$1.0B AUM
21 VC funds backed
🇸🇪
AP4
$50B AUM
17 VC funds backed
🇨🇳
China National Council for Social Security Fund (SSF)
$535B AUM
15 VC funds backed
🇺🇸
Hartford HealthCare Corporation Defined Benefit Master Trust Agreement
$1.8B AUM
15 VC funds backed
🇳🇱
PGGM Investments
$280B AUM
40 VC funds backed
🇺🇸
BSS Retirement Plan For Bargained Employees
$105M AUM
2 VC funds backed