SFERS approves $230m in commitments

The US public pension has backed multi-regional focused private equity funds.

Institution: San Francisco Employees’ Retirement System
Headquarters: San Francisco, United States
AUM: $24.8bn
Allocation to alternatives: 36.9%

San Francisco Employees’ Retirement System has committed $40 million each to Kimmeridge Energy Net Profits Interest Fund V and LAV Biosciences Fund V, $25 million to Eclipse Fund III, $75 million to Fortress Credit Opportunities Fund V and $50 million to Fortress Lending Fund I.

As illustrated in the charts below, the $24.8 billion US public pension has a 18.0 percent target allocation to private equity that currently stands at 19.2 percent. SFERS has also made five commitments focused on private equity recently, which combined constitute $230 million.

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