Peralta Community College District

Investment decisions are governed by the elected Board of Trustees and executed by the district's finance team under Chancellor Dr. Tammeil Gilkerson. The Board of Trustees, led by President Dyana Delfín Polk, must approve any material investment or real estate transaction. The Retirement Board, chaired by Bill Withrow, oversees the OPEB Trust I Portfolio.

The district does not source proprietary deal flow in the private-investment sense. Its investment activity is limited to public securities, real estate development and leasing, and capital improvement projects. The Peralta Colleges Foundation's investment portfolio is managed by external advisors and follows a conservative asset allocation strategy.

It is a public operating fund, not a family office. The district operates under California's Education Code and is subject to public disclosure requirements, including the Brown Act for board meetings and the California Public Records Act. Its investment scope is narrower than a private family office and focused on operational needs.

Based on public records, the district's investment activity is limited to direct ownership of real estate and public securities. The OPEB Trust I Portfolio invests in a diversified mix of bonds and equities. The Peralta Colleges Foundation portfolio similarly focuses on marketable securities. There is no evidence of fund commitments to venture capital, private equity, or hedge funds.

The district does not target investment stages. Its real estate activity involves acquisition, development, and long-term hold of educational and commercial properties. The foundation portfolio targets capital preservation and modest growth through public-market investments.

The district's public investment guidelines likely restrict holdings in alternative assets such as private equity, venture capital, and hedge funds, as is typical for California community college districts with operating funds. No official sector-avoidance list is publicly available, but its asset allocation is conservative.

The district's funding comes from state apportionments, local property taxes, enrollment fees, and federal grants. This is not a single-family fortune but a public education entity with an annual operating budget of approximately $300 million (per the district's fiscal reports, 2023). The Peralta Colleges Foundation is a separate 501(c)(3) entity that solicits private donations.