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San Jose FCERB approves $3.8m commitment

The US public pension has backed a North America focused fund.

Institution: San Jose Federated City Employees Retirement System
Headquarters: San Jose, United States
AUM: $2.11bn
Allocation to alternatives: 25.50%
Bitesize: $1-5m

San Jose Federated City Employees Retirement System announced a commitment of $3.80 million to Kimmeridge Energy Net Profits Interest Fund V.

The $2.11 billion US public pension has a 1.0 percent target allocation to infrastructure that currently stands at .90 percent. As illustrated in the chart below, San Jose FCERS has made a total commitment of $6.80 million to infrastructure funds so far in 2019.

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