Public Pension · San Diego, CA, US
San Diego County Employees Retirement Association
38 fund investments across 27 managers in opportunistic, private credit, private equity and real assets, as last reported 2025-12-31.
Fund investments
38
As of 2025-12-31
Managers
27
Reported NAV
…
Top-10 concentration
…
Share of reported NAV in the ten largest funds
Where the NAV sits
Each rectangle is a fund, sized by current NAV and colored by strategy.
NAV by strategy
Current reported value by top-level strategy.
Commitments by vintage
Capital committed to funds of each vintage year.
Portfolio Holdings
38 fund investments
Fund Name | Vintage | Strategy | Sub-Strat | Geo | Commit | NAV | IRR | TVPI | DPI | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Actis Energy 3 | 2013 | Real Assets | Infrastructure | Emerging Markets | $50.0M | $913,000 | 8.5% | 1.30x | 1.29x | |
| Actis Energy 3 Co-Investment LP | 2013 | Real Assets | Infrastructure | Emerging Markets | $13.8M | $441,000 | 10.2% | 1.45x | 1.42x | |
| AMERRA Agri Fund II | 2012 | Real Assets | Natural Resources | Global | $50.0M | $16.2M | 5.7% | 1.42x | 1.10x | |
| Ascentris SD Partners Core | 2021 | Real Assets | Real Estate Equity | North America | $200.0M | $170.2M | -7.6% | 0.90x | 0.04x | |
| Ascentris SD Partners LP | 2017 | Real Assets | Real Estate Equity | North America | $450.0M | $362.5M | 14.1% | 1.31x | 0.97x | |
| Ascentris Value Add Fund III LP | 2019 | Real Assets | Real Estate Equity | North America | $125.0M | $64.7M | -10.8% | 0.73x | 0.06x | |
| Bain Capital Fund X, L.P. | 2007 | Private Equity | Co-Investment | North America | $15.0M | $1.1M | 9.7% | 1.64x | 1.57x | |
| Blackstone Capital Partners VI, L.P. | 2011 | Private Equity | Buyout | Global | $100.0M | $17.9M | 12.0% | 1.96x | 1.78x | |
| Blackstone Real Estate Partners VI, L.P. | 2007 | Real Assets | Real Estate Equity | Global | $50.0M | $6,926 | 14.3% | 2.25x | 2.24x | |
| Brookfield Americas Infrastructure Fund LP | 2010 | Real Assets | Infrastructure | North America | $75.0M | $7.3M | 10.5% | 2.20x | 2.11x | |
| Capital International Private Equity Fund VI, L.P. | 2011 | Private Equity | Buyout | Global | $50.0M | $1.3M | -1.0% | 1.01x | 0.99x | |
| Cerberus Institutional Partners, L.P.(Series Four) | 2006 | Private Equity | Buyout | Global | $14.2M | $37,671 | 9.2% | 1.85x | 1.85x | |
| EMG AENO Co-Investment LP | 2014 | Private Equity | Co-Investment | North America | $4.3M | $1.7M | -0.1% | 0.99x | 0.60x | |
| EQT VII (No. 2) Limited Partnership | 2015 | Private Equity | Buyout | Europe | $58.7M | $17.5M | 19.3% | 1.84x | 1.59x | |
| FountainVest China Growth Capital Fund II, L.P. | 2013 | Private Equity | Growth Equity | Asia Pacific | $50.0M | $2.8M | 11.3% | 1.55x | 1.50x | |
| Global Infrastructure Partners A LP | 2008 | Real Assets | Infrastructure | Global | $75.0M | $201,351 | 18.8% | 2.41x | 2.40x | |
| Gores Small Capital Partners | 2011 | Private Equity | Buyout | North America | $27.8M | $34,933 | 16.1% | 1.59x | 1.59x | |
| GSO Capital Solutions Fund II, L.P. | 2013 | Private Credit | Direct Lending | Global | $90.0M | $3.4M | 0.6% | 1.03x | 0.98x | |
| Hellman & Friedman Capital Partners VII, L.P. | 2011 | Private Equity | Buyout | Global | $15.0M | $908,988 | 24.5% | 3.69x | 3.63x | |
| JPMCB Strategic Property Fund | 2005 | Real Assets | Real Estate Equity | Global | $200.0M | $514.8M | 6.5% | 1.34x | 0.58x | |
| KEPE Selling Fund II | 2024 | Private Equity | Secondaries | Global | $3.2M | $271,269 | 0.1% | 1.00x | 0.91x | |
| New Mountain Partners IV LP | 2014 | Private Equity | Buyout | Global | $89.4M | $9.2M | 19.3% | 2.00x | 1.89x | |
| Oaktree CLO Equity Fund I | 2023 | Private Credit | Structured Credit | Global | $100.0M | $61.1M | 8.2% | 1.09x | 0.36x | |
| Oaktree European Dislocation Fund (US) LP | 2013 | Opportunistic | Distressed Debt | Europe | $90.0M | $32,022 | 4.5% | 1.05x | 1.05x | |
| OCM European Principal Fund III LP | 2010 | Private Equity | Buyout | Europe | $70.5M | $9.7M | 3.1% | 1.19x | 1.05x | |
| Onex Partners III | 2008 | Private Equity | Buyout | Global | $15.0M | $2.1M | 11.3% | 1.90x | 1.77x | |
| Paul Capital Partners IX LP | 2006 | Private Equity | Buyout | Global | $20.0M | $210,025 | -1.6% | 1.00x | 0.99x | |
| Paul Capital Partners VIII-B | 2004 | Private Equity | Buyout | Global | $15.0M | $162,952 | 8.3% | 1.36x | 1.35x | |
| Red Kite Mine Finance Fund | 2011 | Real Assets | Natural Resources | Global | $50.0M | $11.0M | 7.9% | 2.22x | 2.00x | |
| RREEF America REIT II | 2006 | Real Assets | Real Estate Equity | North America | $147.4M | $137.3M | 4.2% | 1.08x | 0.07x | |
| RREEF Core Plus Residential Fund | 2024 | Real Assets | Real Estate Equity | North America | $150.0M | $163.3M | 9.6% | 1.11x | 0.02x | |
| RREEF I.M.A. | 2000 | Real Assets | Real Estate Equity | North America | $255.1M | $213.2M | 9.4% | 2.01x | 1.63x | |
| SDCERA Public Pension Capital LLC | 2017 | Private Equity | Buyout | North America | $240.0M | $136.2M | 24.8% | 1.74x | 0.87x | |
| SSG III | 2014 | Private Equity | Buyout | North America | $60.0M | $994,774 | 8.2% | 1.22x | 1.21x | |
| Sycamore Tree CLO Fund II LP | 2025 | Private Credit | Structured Credit | North America | $75.0M | $64.8M | 8.6% | 1.05x | 0.10x | |
| The Baring Asia Private Equity Fund V | 2010 | Private Equity | Buyout | Asia Pacific | $50.0M | $2.7M | 8.2% | 1.63x | 1.59x | |
| The Energy & Minerals Group Fund III, L.P. | 2014 | Private Equity | Buyout | Global | $75.0M | $27.9M | -6.5% | 0.60x | 0.21x | |
| Tpg Asia Vi, LP | 2012 | Private Equity | Buyout | Asia Pacific | $75.0M | $34.3M | 8.7% | 1.58x | 1.20x |