Stanislaus County Employees' Retirement Association

Stanislaus County Employees' Retirement Association

Stanislaus County Employees' Retirement Association was established in 1948 to deliver retirement, death and survivor benefits to employees of Stanislaus County and other participating public agencies. Thomas Stadelmaier serves as Executive Director and Stan Conwell as Investment Officer. The Board of Retirement, chaired by Mike Lynch, oversees administration and investment policy. StanCERA deploys capital across public equities, fixed income, real estate and alternatives. Current allocations include 6.03 percent to private equity against a 5 percent target. Real estate holdings include positions in Morgan Stanley Prime Property Fund, TA Realty Value-Add Fund XIII, Clarion Lion Industrial Trust and KSL Capital Partners VI. Infrastructure exposure reaches $216 million through IFM Global Infrastructure Fund and JPMorgan Infrastructure Investments Fund. Geographic reach centers on the United States with additional commitments to global and OECD markets. The fund participates as a limited partner in funds managed by Insight Venture Partners, Vista Equity Partners and Palistar Capital. Assets under management stand at $2.95 billion. The organization maintains memberships in SACRS and CALAPRS. In 2024 StanCERA attended the SACRS Spring Conference in Santa Barbara and the SACRS Fall Conference in Monterey. Service providers include NEPC as investment advisor, Meketa Investment Group for private markets, Northern Trust as custodian and Cheiron as actuary. StanCERA operates as a public pension governed by the Board of Retirement under California statute. Sponsoring employers such as Stanislaus County participate as plan sponsors rather than owners, creating a multi-employer structure distinct from single-employer corporate plans.