The board of the $12.4 billion Sacramento County Employees’ Retirement System (SCERS) has made a $50 follow-on commitment to an oil & gas fund, CIO Steve Davis confirmed in an email. The commitment comes on the heels of $300 million in new investment commitments the board approved at its May 18 meeting, which comprised approvals for a global equity manager mandate, a new real estate consultant and new general consultant mandate.
SCERS made a $50 million commitment to NGP Royalty Partners II, LP, which will acquire mineral interests in the core North America energy . . .
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