The San Mateo County Employees’ Retirement Association (SamCERA) provides retirement benefits to employees of San Mateo County, California. With approximately $5 billion in total assets, SamCERA operates under California’s 1937 Act and serves county employees and participating districts.
Investment Strategy
SamCERA maintains a diversified portfolio across public equities, fixed income, private equity, real estate, and other alternatives. The Board of Retirement sets strategic allocation targets based on actuarial requirements. Located in the heart of Silicon Valley, SamCERA has natural exposure to the innovation economy through its regional connections.
The alternatives program includes private equity investments across buyout, growth, and venture strategies. Real estate allocations span core and value-add funds. The fund has been building its alternatives program with a focus on quality managers and diversification.
How to Approach
Fund managers should contact the SamCERA investment team in Redwood City. The fund evaluates managers on track record, team stability, and strategy differentiation. SamCERA works with consultants and attends industry conferences. GPs should present a concise fund overview and audited track record.
Frequently Asked Questions
What is SamCERA's alternatives allocation?
SamCERA allocates approximately 16% of its $5 billion portfolio to alternatives including private equity and real estate. The fund has been building its alternatives exposure to improve risk-adjusted returns.
How does SamCERA select managers?
SamCERA works with an internal investment team and external consultants to evaluate managers. Selection criteria include track record, team quality, strategy differentiation, and fees. Typical commitments range from $15 million to $40 million.
How can GPs approach SamCERA?
GPs should contact the SamCERA investment team in Redwood City. The fund evaluates managers through a structured process and attends industry conferences. The Board of Retirement approves all new commitments.
