SCERS commits $80m to two FPA Multifamily funds, a value add and core-plus closed-end funds

4/3/2025

|

IREI

• Subcategory: Capital Markets: Fund, MF: Market Rate

• Tag: Investment

• Additional Filters-Subcategory: Capital Markets: Fund-Core Plus, Capital Markets: Fund-Value Added

• Company: Sacramento County (Calif.) Employees’ Retirement System (SCERS), FPA Multifamily

The Sacramento County (Calif.) Employees’ Retirement System (SCERS) has invested $80 million with FPA Multifamily, according to meeting materials from March 19, 2025.

FPA Core Plus Fund VI received $50 million. The closed-end fund has a fundraising goal of $1.3 billion. FPA Apartment Opportunity Fund IX is a value-add, closed-end fund. This fund received $30 million and has an equity fundraising target of $1.5 billion.