Board of Retirement Regular Meeting Sacramento County Employees’ Retirement System
Agenda Item 7 MEETING DATE: December 18, 2019
SUBJECT: Monthly Report of Investment Activity – November 2019
Deliberation Receive SUBMITTED FOR: X Consent and Action and File
RECOMMENDATION
Staff recommends the Board receive and file the report summarizing SCERS’ investment activity for November 2019.
PURPOSE
This item complies with SCERS’ investment policy statement reporting requirements to provide information on new investment activity in connection with SCERS’ investment goals and objectives. This item contributes to the effective management and oversight of investment activities.
ATTACHMENT
SCERS’ Investment Activity Report for November.
Prepared by:
/S/ ______Brian Miller Investment Officer
Reviewed by:
/S/ /S/ ______Steve Davis Eric Stern Chief Investment Officer Chief Executive Officer
SACRAMENTO COUNTY EMPLOYEES' RETIREMENT SYSTEM Monthly Report of Investment Activity - November 2019
SCERS Fund Size New / Follow On / Fund Type Investment Manager Fund Name Fund Type Invest Notes ($millions) Add ($millions) EQUITY
None
TOTAL EQUITY $0 $0
FIXED INCOME
None
TOTAL FIXED INCOME $0 $0
PRIVATE CREDIT
None
TOTAL PRIVATE CREDIT $0 $0
ABSOLUTE RETURN Diversifying LMR Partners LLC LMR Fund Ltd. Open End $3,800 $45 New Absolute Return TOTAL ABSOLUTE RETURN $3,800 $45
PRIVATE EQUITY
Buyout - Middle Cortec Group Cortec Group VII, L.P. Closed End $2,000 $30 New Market
New Enterprise New Enterprise Associates 17, Venture Capital Closed End $4,000 $5 Add/(Decrease) Associates L.P.
TOTAL PRIVATE EQUITY $6,000 $35
REAL ASSETS Diversified Real Brookfield Public SCERS Custom Liquid Brookfield Liquid Real Return Open End $100 $100 New Assets Securities Group LLC Real Return Portfolio Diversified Real State Street Global SSgA Real Asset Proxy Open End $181 ($100) Add/(Decrease) Assets Advisors TOTAL REAL ASSETS $281 $0
OPPORTUNITIES
None
TOTAL OPPORTUNITIES $0 $0
SCERS TOTAL FUNDS $10,081 $80
Investment Activity Report Nov2019 Page 1 of 1