SACRAMENTO COUNTY EMPLOYEES' RETIREMENT SYSTEM

980 9th Street, Suite 1900

Sacramento, CA 95814

Phone (916) 874-9119

Fax (916) 874-6060

Board Meeting:

3rd Wednesday of the month at 10:00 a.m.

Plan Year:

July 1 to June 30

Administrator:

Eric Stern

SYSTEM TRUSTEES

James Diepenbrock, CH

Richard Fowler, CH

Robert Aguallo, V CH

Ben Lamera, TREAS

Dave Irish, Alt.

Martha Hoover

Jack Noble

Chris Giboney

Alina Mangru

Keith DeVore

Chief Investment Officer:

Steve Davis

Assistant Investment Officer:

Jim Donohue

Actuary:

Segal Consulting

Attorney:

Jason Morrish

Auditor:

Brown Armstrong Accountancy

Custodian:

State Street Bank & Trust Company

Investment Consultant:

Verus Advisory

Active Participants:

13167

Benefit Participants:

13934

Social Security:

Y

General:

10,586

Safety:

2,091

Fund Balance:

12.9 Billion (Market Value)

INVESTMENT COUNSEL ALL EQUITIES Abbott Capital Private Equity Fund VI, L.P. Accel-KKR Capital Partners IV, L.P. Accel-KKR Growth Capital Partners II, L.P. AllianceBernstein LP AQR Delta Fund II, L.P. Atalaya Special Opportunities Fund VI, L.P. Athyrium Opportunities Fund II, L.P. Baillie Gifford & Co. Brevan Howard, L.P. Brown Advisory CBRE Clarion Securities CenterSquare Investment Mgmt. Claren Road Credit Partners, L.P. Dalton, Greiner, Hartman, Maher Dyal II U.S. Investors, L.P. Eagle Capital Mgmt. Elliott International, Inc. Garrison Opportunities Fund III A, L.P. Grosvenor Capital Mgmt. H.I.G. Bayside Loan Opportunity Fund III (Europe) H.I.G. Capital Partners V L.P. H.I.G. Europe Capital Partners II, L.P. HarbourVest Partners International PEP VI-Partnership Fund L.P. HarbourVest Partners VIII, L.P. Huber Capital Mgmt. Jana Partners Qualified, L.P. JP Morgan Asset Mgmt. Khosla Ventures IV Fund, L.P. Khosla Ventures V Fund, L.P. Lakewood Capital Partners, L.P. Laurion Capital Mgmt., L.P. Lazard Asset Mgmt. Linden Capital Partners III, L.P. LSV Asset Mgmt. Marlin Equity IV, L.P. Marin Heritage, L.P. Mondrian Emerging Markets Equity Fund, L.P. Mondrian Emerging Markets Small Cap Equity Fund, L.P. Mondrian International Small Cap Equity Fund, L.P. New Enterprise Associates 14, L.P. New Enterprise Associates 15, L.P. OZ Domestic Partners II, L.P. Private Equity Partners X L.P. RRJ Capital Master Fund II, L.P. RRJ Capital Master Fund III, L.P. SC Absolute Return Fund, LLC SC Absolute Return Fund, LLC-Series B Spectrum Equity VII, L.P. Summit Partners Credit Fund II, L.P. Summit Partners Credit Fund, L.P. Summit Partners Venture Capital Fund III-A, L.P. Third Point Partners Qualified, L.P. Thoma Bravo Fund XI, L.P. Thoma Bravo Fund XII, L.P. TPG Opportunities Partners III, L.P. Trinity Ventures XI, L.P. Trinity Ventures XII, L.P. TSG7 A, L.P. TSG7 B, L.P. Waterland Private Equity Fund V C.V. Waterland Private Equity Fund VI Overflow Fund, C.V. Waterland Private Equity Fund VI, C.V. Wayzata Opportunities Fund III, L.P. Weatherbie Capital LLC Wedge Capital Mgmt. William Blair Emerging Markets Small Cap Growth William Blair International Small Cap Growth Portfolio Total All Equity Assets: $3,659,465,413 Billion FIXED INCOME Brandywine Global Investment Mgmt., LLC Metwest Asset Mgmt. Neuberger Berman Fixed Income LLC Prudential Investment Mgmt. SC Credit Opportunities Mandate, LLC Total Fixed Income Assets: $1,570,245,765 Billion REAL ESTATE ArcLight Energy Partners Fund VI, L.P. Atalaya SCERS SMA, LLC BlackRock Realty Advisors - Separate Account Blackstone Resources Select Offshore Fund Carlyle Power Partners II, L.P. Cornerstone Realty - Separate Account EnCap Energy Capital Fund IX, L.P. EnCap Energy Capital Fund X, L.P. EnCap Flatrock Midstream Fund III, L.P. First Reserve Energy Infrastructure Fund II, LP Jamestown Premier Property Fund, L.P. Metlife Core Property Fund L.P. Pantheon SCERS SIRF MM, LLC Prime Property Fund, LLC Principal U.S. Property Account Prologis Targeted Europe Logistics Fund, L.P. Prologis Targeted U.S. Logistics Fund, L.P. Quantum Energy Partners VI, L.P. State Street Global Advisors - Real Asset Strategy Strategic Commodities Fund Ltd. Townsend Real Estate Fund, L.P. Wastewater Opportunity Fund, LLC Total Real Estate Assets: $870,481,979 Billion OTHER Cash & Cash Equivalents Opportunities Other Assets Overlay Receivables Total Other Assets: $2,883,422,478 Billion