SCERA hikes target allocation to infrastructure

The US public pension plans to increase its exposure to the asset class.

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Institution: Sonoma County Employees’ Retirement Association
Headquarters: Santa Rosa, US
AUM: $3.1 billion
Allocation to alternatives: 17.9%

Sonoma County Employees’ Retirement Association approved an increase to its infrastructure target allocation from 5 percent to 8 percent at its May 2021 investment committee meeting.

According to the meeting minutes, the additional funding will be allocated to new managers and will be sourced from its equity and core fixed income portfolio.

As illustrated below, SCERA currently allocates 5.2 percent of its investment portfolio to infrastructure. The pension’s chief investment officer is James Failor.

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