Institution: Sonoma County Employees’ Retirement Association
Headquarters: Santa Rosa, United States
Allocation to Alternatives: 17.01%
Sonoma County Employees’ Retirement Association approved a commitment of $70 million to Axium Infrastructure US Fund II in late 2019, according to the pension. The North American-focused fund is managed by Axium Infrastructure.
The $2.97 billion US public pension has a 3.0 percent target allocation to infrastructure that currently stands at 3.46 percent. This target allocation will increase to 5.0 percent once the capital committed to this fund has been drawn down.
As illustrated below, SCERA allocates 17.01 percent of its investment portfolio to alternative assets.
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