San Jose FCERS approves $3m commitment

The US public pension has backed a multi-regional focused fund.

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

San Jose Federated City Employees Retirement System announced a commitment of $3 million to Global Infrastructure Partners IV.

The $2.11 billion public pension has a 25.50 percent asset allocation to alternative investments of which .90 percent is currently allocated to infrastructure. As illustrated in the chart below, San Jose FCERS has so far made one commitment to an infrastructure fund in 2019.

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