SFERS approves $280m in commitments

The US public pension has backed a multi-regional, a Western Europe and three North America focused funds.

Institution: San Francisco Employees’ Retirement System
Headquarters: San Francisco, United States
AUM: $27.21bn
Allocation to alternatives: 40.50%
Bitesize: $50-$100m

San Francisco Employees’ Retirement System announced $280 million-worth of private equity commitments to five vehicles in its board meeting packet.

The commitments comprise of $75 million each to Castlelake Aviation IV – Stable Yield (leasing) and Peppertree Capital Fund VIII, $50 million to Clearlake Capital Partners VI, $25 million to Castlelake Aviation IV Stable Yield Opportunities and €50 million to MCP Private Capital Fund IV.

The US public pension has an 18.0 percent target allocation to private equity that currently stands at 21.0 percent.

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