# Sacramento County Employees' Retirement System

Sacramento County Employees' Retirement System is a Pension Fund based in Roseville, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Roseville, United States
- **Region:** North America
- **Address:** 980 9th Street, Suite 1900, Sacramento, CA 95814-2739, United States
- **Founded:** 1941
- **Assets under management:** $14.6B (Altss estimate)
- **Website:** scers.gov
- **LinkedIn:** https://www.linkedin.com/company/scers

## About

Sacramento County Employees' Retirement System was established in 1941. Eric Stern holds the chief executive role and Steve Davis serves as chief investment officer. The system commits to real estate vehicles including Clarion Lion Property Fund and Brookfield Premier Real Estate Partners. Infrastructure positions include KKR Global Infrastructure Investors V and Meridiam Infrastructure North America Fund IV. Venture capital exposure appears through Khosla Ventures V and Thoma Bravo Fund XII. Allocations also reach Europe via Prologis Targeted Europe Logistics Fund. The firm employs 51 professionals at its Sacramento headquarters. Verus Advisory acts as general investment consultant and Townsend Group provides real estate advice. Eric Stern spoke at the SACRS Spring Conference in May 2025 on pension system management. The board structure separates investment execution from oversight through elected and appointed trustees.

## Sectors

- Real Estate
- Infrastructure
- Venture Capital

## People

- Eric Stern — Chief Executive Officer
- Steve Davis — Chief Investment Officer
- Chris Giboney — President of the Board of Retirement
- Robert Aguallo, Jr. — Vice President of the Board of Retirement

## Questions

### Who runs investment decisions at Sacramento County Employees' Retirement System?

Eric Stern serves as Chief Executive Officer and Steve Davis serves as Chief Investment Officer. The Board of Retirement, led by President Chris Giboney, provides oversight.

### Does Sacramento County Employees' Retirement System participate in fund commitments or only direct deals?

The system participates in fund commitments. Confirmed positions include Clarion Lion Property Fund, KKR Global Infrastructure Investors V, and Khosla Ventures V.

### Which sectors does Sacramento County Employees' Retirement System allocate to?

Allocations include real estate, infrastructure, and venture capital. Specific holdings cover logistics funds, core real estate, and technology buyout vehicles.

### Where does Sacramento County Employees' Retirement System maintain geographic exposure?

Exposure centers on the United States with additional holdings in Europe. Prologis Targeted Europe Logistics Fund represents one European position.

### How is Sacramento County Employees' Retirement System related to external service providers?

Verus Advisory serves as general investment consultant. Cliffwater advises on alternative assets and State Street Bank & Trust Company acts as custodian.

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

Canonical page: https://altss.com/profile/sacramento-county-employees-retirement-system

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