San Francisco commits €25m to Charterhouse

The $16bn pension has invested more than $100m to three private equity funds, including Charterhouse’s latest European buyout fund, which has reportedly held a first close on €3.6bn.

San Francisco Employees Retirement System has committed €25 million to the latest buyout fund from London-based private equity firm Charterhouse Capital Partners, the pension confirmed to PEO.

The $16 billion pension fund invested in the firm’s latest vehicle, Charterhouse Capital Partners IX, which according to media reports has already held a first close on €3.6 billion.

The fund is believed to be targeting €6 billion and has already secured commitments from other US pensions including the $80 billion Washington State Investment Board, which invested up to $300 million in the vehicle.

San Francisco, which made the commitment at its board meeting this month, also invested $40 Million to Portfolio Advisors’ secondary fund and $30 Million to Odyssey Investment Partners Fund IV.

In 2005, Odyssey closed its third fund on $750 million targeting middle-market buyouts in the US.