Sacramento County Employees’ Retirement System has approved a $55m (€47m) commitment to I Squared Capital’s latest global infrastructure fund.
The pension fund disclosed in its March activity summary report that it committed the capital to ISQ Global Infrastructure Fund IV, which is seeking to raise $15bn with no hard cap set.
The majority of the fund’s capital will be deployed across OECD countries, with up to 25% permitted in non-OECD markets, targeting assets such as power and utilities, transportation, logistics, digital, environmental and social infrastructure.
The commitment from Sacramento County represents the first of $200m in planned commitments for its real assets portfolio during 2026.
Sacramento County said it has also made a $50m commitment to Blue Owl Capital’s latest net lease real estate fund.
As previously reported, the Blue Owl Real Estate Fund VII fund is seeking to raise $6.5bn to invest in the US and Canada.
The fund, which has a $7.5bn hard cap, is projected to reach a final close in June this year.
The commitment to the Blue Owl fund falls under Sacramento County’s 2025 real estate budget. The pension fund has yet to issue any 2026 commitments, for which the pacing plan outlines a $400m target across five total strategies, split between two core and three non-core investments.
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