SFERS approves $325m in commitments

The US public pension had backed a multi-regional and a North America-focused fund.

Institution: San Francisco Employees’ Retirement System
Headquarters: San Francisco, United States
AUM: $27.39bn
Allocation to alternatives: 25.17%
Bitesize: $50-$100m

San Francisco Employees’ Retirement System announced $325 million-worth of private equity commitments to two vehicles in its board meeting packet.

The commitments comprise of $50 million to Carlyle’s SASOF V and $275 million for Presidio Loan Fund.

The US public pension has an 10.0 percent target allocation to private debt that currently stands at 3.87 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.