# County of San Luis Obispo

County of San Luis Obispo is a Pension Fund based in San Luis Obispo, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** San Luis Obispo, United States
- **Region:** North America
- **Address:** 1000 Mill Street, San Luis Obispo, CA 93408, United States
- **Founded:** 1958
- **Assets under management:** 1788 (Altss estimate)
- **Website:** www.slocounty.ca.gov
- **LinkedIn:** https://www.linkedin.com/company/county-of-san-luis-obispo

## Regulatory record

- **Reports private funds:** No

## About

The San Luis Obispo Pension Trust was established in 1958 as a voluntary public pension plan. Carl Nelson directs day-to-day investment and administrative functions while the Board of Trustees, including Chair Guy Savage and Vice Chair Jim Hamilton, sets policy. The trust holds allocations across domestic equities valued at $357.6 million, international equities at $357.6 million, and fixed income at $536.4 million. Real estate exposure totals $143 million through direct and indirect holdings including global REITs. Commodities represent 3 percent of assets. Private equity commitments include a position in Pantheon. Cambridge Associates has served as investment advisor since 2022. The trust reports 1,788 million dollars under management. Additional service providers include Gabriel Roeder Smith for actuarial work since 2019. No new operational events have been recorded in the last 24 months. Governance rests with elected and appointed trustees who represent miscellaneous and safety members alongside county administrative input. This structure separates investment execution from plan administration under California public retirement rules.

## Sectors

- Private Equity
- Real Estate
- Public Equities
- Fixed Income

## People

- Carl Nelson — Executive Director / CIO
- Guy Savage — Board Chair
- Jim Hamilton — Board Vice Chair
- Will Forbes — Trustee
- David Casnocha — Trustee
- Michelle Shoresman — Trustee

## Questions

### Who runs investment decisions at the San Luis Obispo Pension Trust?

Carl Nelson serves as Executive Director and CIO. The Board of Trustees, chaired by Guy Savage, retains final authority over policy and asset allocation.

### What asset classes does the trust currently hold?

Holdings include domestic and international public equities, fixed income securities, a diversified real estate portfolio, commodities, and private equity exposure through Pantheon.

### How is the trust governed?

A Board of Trustees oversees operations. Members include elected representatives for miscellaneous and safety employees plus an appointee from the Board of Supervisors.

### Which external advisors support the trust?

Cambridge Associates acts as investment advisor. Gabriel Roeder Smith provides actuarial services.

### Does the trust participate in private equity?

Yes. Current private equity allocation stands at 15.77 percent against a 12 percent target, with a known commitment to Pantheon.

## Related profiles

- [Southeastern Pennsylvania Transportation Authority](https://altss.com/profile/southeastern-pennsylvania-transportation-authority)
- [FACHESF](https://altss.com/profile/fachesf)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/county-of-san-luis-obispo

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