The $4.6 billion San Diego City Employees’ Retirement System (SDCERS) is considering making its first allocation to private equity, according to Investment Management Weekly, a sister publication to Merger Mogul. The SDCERS board, discussed the asset class at a Nov. 17 meeting, and decided that further education was necessary before reaching a final decision. Instead, the board voted to take the next six months to learn more about private equity investments. A change in the plan’s asset allocation could be a good thing for the problem plagued fund, which currently has an approximate shortfall of $1.4 billion. Reportedly, Callan Associates, is assisting the SDCERS board as it investigates the asset class.
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