SamCERA approves $25m commitment

The US public pension has backed EQT's latest infrastructure fund.

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Institution: San Mateo County Employees’ Retirement Association
Headquarters: Redwood Shores, US
AUM: $4.95 billion
Allocation to alternatives: 17.2%

San Mateo County Employees’ Retirement Association has approved a $25 million commitment to EQT Infrastructure Fund V at the pension’s October 2020 retirement board meeting.

The commitment is a re-up with one of the pension’s existing managers, EQT. SamCERA has made a previous $30 million commitment to EQT Infrastructure Fund IV.

As illustrated below, SamCERA’s infrastructure commitments tend to focus on global vehicles targeting a variety of sectors. The pension has a 2 percent target allocation to infrastructure that currently stands at 1.9 percent.

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