SFERS approves $226m in commitments

The US public pension has backed North America and global focused funds.

San Francisco Employees’ Retirement System announced commitments of $100 million to Blackstone Energy Partners III, $21 million to Polaris Growth Fund I, $15 million to Level Equity Growth Partners IV, $10 million to Level Equity Opportunities Fund 2018 and $80 million to GGV Capital VII.

The $24 billion US public pension has an 18 percent target allocation to private equity that currently stands at 17.2 percent.

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