SCERA approves $135m commitment

The US public pension has backed KKR's open-end North American infrastructure vehicle.

Institution: Sonoma County Employees’ Retirement Association
Headquarters: Santa Rosa, United States
AUM: $3.25 billion
Allocation to alternatives: 18.2%

Sonoma County Employees’ Retirement Association has agreed to increase its $100 million commitment to KKR Diversified Core Infrastructure Fund (open-ended) to $135 million, according to its June 2021 investment committee meeting.

The $3.25 billion US public pension recently hiked its target allocation from 5 percent to 8 percent. Its current allocation is 5 percent.

As illustrated below, the pension’s recent private infrastructure commitment have focused in North American vehicle.

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