San Diego County Employees Retirement Association
Institutional investorSan Diego
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San Diego, CA, US
Fund commitments · as a limited partner · 68
as of Sep 2025Private-fund positions this organization discloses in its own public filings and reports — $4.4B committed, $2.3B reported NAV. Returns are this LP's own position, net of fees.
| Fund | Manager | Vintage | Committed | NAV | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|---|---|
| Ascentris SD Partners LP | Ascentris | 2017 | $450M | $443.7M | 14.0% | 1.30x | 0.87x |
| RREEF I.M.A. | Rreef | 2000 | $255.1M | $223.2M | 9.4% | 2.02x | 1.62x |
| SDCERA Public Pension Capital LLC | SDCERA Public Pension | 2017 | $240M | $134.9M | 25.7% | 1.74x | 0.88x |
| Ascentris SD Partners Core | Ascentris | 2021 | $200M | $54.9M | -8.7% | 0.76x | 0.08x |
| JPMCB Strategic Property Fund | J.P. Morgan Asset Management | 2005 | $200M | $512.7M | 6.6% | 1.33x | 0.58x |
| RREEF Core Plus Residential Fund | Rreef | 2024 | $150M | $158.6M | 7.4% | 1.07x | 0.01x |
| RREEF America REIT II | Rreef | 2006 | $147.4M | $137.1M | 4.2% | 1.07x | 0.06x |
| Ascentris Value Add Fund III LP | Ascentris | 2019 | $125M | $61.2M | -13.8% | 0.69x | 0.06x |
| Blackstone Capital Partners VI | The Blackstone Group | 2011 | $100M | $18.6M | 12.1% | 1.96x | 1.78x |
| Blackstone Capital Partners VII LP | The Blackstone Group | 2016 | $100M | $71.9M | 12.6% | 1.76x | 1.01x |
| Brookfield Senior Mezzanine Real Estate Finance Fund LP | Brookfield Asset Management | 2018 | $100M | $43.7M | -0.3% | 0.98x | 0.55x |
| Hancock Agricultural Investment Group Separate Account | Hancock Agricultural Investment Group | 2012 | $100M | $14.6M | 4.2% | 1.48x | 1.11x |
| New Mountain Partners VII, L.P. | New Mountain Capital | 2023 | $100M | $30.8M | 38.6% | 1.21x | 0.00x |
| Oaktree CLO Equity Fund I | Oaktree | 2023 | $100M | $55.1M | 8.5% | 1.08x | 0.37x |
| GSO Capital Solutions Fund II, L.P. | The Blackstone Group | 2013 | $90M | $3.4M | 0.7% | 1.03x | 0.98x |
| Oaktree European Dislocation Fund (US) LP | Oaktree | 2013 | $90M | $40.1K | 4.6% | 1.05x | 1.05x |
| New Mountain Partners IV LP | New Mountain Capital | 2014 | $89.4M | $9.6M | 19.3% | 2.01x | 1.89x |
| Apollo Credit Opportunities Fund III, LP | Apollo | 2014 | $83.6M | $221.3K | 1.5% | 1.04x | 1.04x |
| Brookfield Americas Infrastructure Fund LP | Brookfield Asset Management | 2010 | $75M | $16.1M | 10.4% | 2.18x | 1.97x |
| Brookfield Brazil Agriland | Brookfield Asset Management | 2011 | $75M | — | -6.5% | 0.58x | 0.58x |
| Energy & Minerals Group Fund III LP | The Energy & Minerals Group | 2014 | $75M | $27.8M | -6.8% | 0.59x | 0.20x |
| Global Infrastructure Partners A LP | Global Infrastructure Partners | 2008 | $75M | $206.9K | 18.8% | 2.41x | 2.40x |
| Gores Capital Partners III LP | Gores | 2010 | $75M | $2.8M | 4.1% | 1.18x | 1.15x |
| J.P. Morgan Global Maritime Investment Fund | J.P. Morgan Asset Management | 2010 | $75M | — | 1.8% | 1.15x | 1.15x |
| Sycamore Tree CLO Fund II LP | Sycamore Tree Capital Partners | 2025 | $75M | $33M | 8.0% | 1.07x | 0.15x |
| Tpg Asia Vi, LP | TPG | 2012 | $75M | $35.4M | 8.8% | 1.59x | 1.19x |
| OCM European Principal Fund III LP | Oaktree | 2010 | $70.5M | $11M | 3.4% | 1.21x | 1.05x |
| SSG III | SSG Capital Management | 2014 | $60M | $984.7K | 8.2% | 1.22x | 1.21x |
| EQT VII (No. 2) Limited Partnership | EQT | 2015 | $58.8M | $20.8M | 19.6% | 1.86x | 1.57x |
| Actis Energy 3 | Actis | 2013 | $50M | $898K | 8.5% | 1.30x | 1.29x |
| AMERRA Agri Fund II | Amerra Agri | 2012 | $50M | $18.1M | 5.8% | 1.43x | 1.07x |
| Baring Asia Private Equity Fund V | Baring Private Equity Asia | 2010 | $50M | $2.7M | 8.2% | 1.63x | 1.59x |
| Blackstone Real Estate Partners VI | The Blackstone Group | 2007 | $50M | $10.5K | 14.3% | 2.25x | 2.24x |
| Capital International Private Equity Fund VI | Capital Group | 2011 | $50M | $1.3M | -1.0% | 1.01x | 0.99x |
| Denham Commodity Partners Fund VI LP | Denham Capital | 2011 | $50M | $18.3M | -3.1% | 0.93x | 0.60x |
| FountainVest China Growth Capital Fund II, L.P. | FountainVest Partners | 2013 | $50M | $2.9M | 11.4% | 1.56x | 1.50x |
| Red Kite Mine Finance Fund | Red Kite | 2011 | $50M | $69.9M | 8.0% | 2.22x | 0.82x |
| EQT VI, L.P. | EQT | 2011 | $41.8M | $59.6K | 13.6% | 1.82x | 1.82x |
| HarbourVest International Private Equity Partners III - Partnership | HarbourVest Partners (Canada) | 1997 | $34.7M | $807 | 9.0% | 1.58x | 1.58x |
| Gores Small Capital Partners | Gores | 2011 | $27.8M | $34.9K | 16.1% | 1.59x | 1.59x |
| RREEF Rio San Diego Plaza II | Rreef | 2005 | $25.9M | $19.1M | 1.6% | 1.18x | 0.62x |
| California Smart Growth Fund IV | Cityview | 2006 | $25M | $50.2K | 3.0% | 1.37x | 1.37x |
| Southern California Smart Growth Fund | Cityview | 2004 | $25M | $3.3K | 0.4% | 1.10x | 1.09x |
| Paul Capital Partners IX LP | Paul Capital Partners | 2006 | $20M | $227.3K | -1.5% | 1.01x | 0.99x |
| Bain Capital Fund X, L.P. | Bain Capital | 2007 | $15M | $1.5M | 9.7% | 1.64x | 1.54x |
| Blackstone Capital Partners IV, L.P. | The Blackstone Group | 2001 | $15M | $9.7K | 54.2% | 2.58x | 2.58x |
| Blackstone Capital Partners V LP | The Blackstone Group | 2006 | $15M | $5.5K | 8.7% | 1.73x | 1.73x |
| EnerVest Energy Institutional Fund XI-B, LP | EnerVest | 2007 | $15M | — | -1.7% | 0.98x | 0.98x |
| Hellman & Friedman Capital Partners VII | Hellman & Friedman | 2011 | $15M | $1.1M | 24.6% | 3.71x | 3.62x |
| Kayne Anderson Energy Fund V ( | Kayne Anderson Capital Advisors | 2008 | $15M | — | 11.2% | 1.41x | 1.41x |
| Northgate Private Equity Partners II LP | Northgate Capital | 2005 | $15M | $253.9K | 7.4% | 1.49x | 1.47x |
| Northgate Private Equity Partners III LP | Northgate Capital | 2006 | $15M | $829.3K | 7.0% | 1.54x | 1.48x |
| Onex Partners III LP | Onex Corporation | 2008 | $15M | $2.2M | 11.3% | 1.90x | 1.76x |
| Paul Capital Partners VIII-B | Paul Capital Partners | 2004 | $15M | $165.7K | 8.3% | 1.36x | 1.35x |
| Cerberus Institutional Partners, L.P.(Series Four) | Cerberus | 2006 | $14.2M | $39.6K | 9.2% | 1.85x | 1.85x |
| Actis Energy 3 Co-Investment LP | Actis | 2013 | $13.8M | $436K | 10.2% | 1.45x | 1.42x |
| OCM Opportunities Fund VIIb | Oaktree | 2008 | $10.2M | $4.4K | 16.5% | 1.73x | 1.73x |
| Capital International Private Equity Fund V LP | Capital Group Private Markets | 2007 | $10M | — | -2.7% | 0.94x | 0.94x |
| Coller International Partners V‐A | Coller Capital | 2006 | $10M | — | 7.5% | 1.48x | 1.48x |
| Enervest Energy Institutional Fund X-b, LP | EnerVest | 2005 | $10M | $35 | 0.6% | 1.02x | 1.02x |
| Lexington Capital Partners VI-B LP | Lexington Partners | 2005 | $10M | $73K | 6.9% | 1.39x | 1.39x |
| Providence Equity Partners V | Providence | 2004 | $10M | — | 3.1% | 1.19x | 1.19x |
| TPG Partners IV, L.P. | TPG | 2003 | $10M | $22.7K | 20.6% | 2.06x | 2.06x |
| Merit Energy Partners F LP | Merit Energy Company | 2005 | $8M | — | -7.2% | 0.62x | 0.62x |
| OCM Opportunities Fund VII, L.P. | Oaktree | 2007 | $7.5M | $66.7K | 7.4% | 1.38x | 1.37x |
| OCM Opportunities Fund VI, L.P. | Oaktree | 2005 | $5M | $161 | 8.7% | 1.57x | 1.57x |
| EMG AENO Co-Investment LP | The Energy & Minerals Group | 2014 | $4.3M | $1.6M | -0.3% | 0.97x | 0.59x |
| KEPE Selling Fund II | KEPE | 2024 | $3.2M | $499K | 0.1% | 1.00x | 0.84x |
Source: SDCERA 2025-Q3 Private Markets Report. TVPI = total value / paid-in; DPI = distributions / paid-in.
Frequently asked questions
- Where is San Diego County Employees Retirement Association located?
- San Diego County Employees Retirement Association is headquartered in San Diego, US.