SFERS approves $335m in commitments

Institution: San Francisco Employees’ Retirement System
Headquarters: San Francisco, United States
AUM: $24.4bn
Allocation to alternatives: 36.20%

The board of the San Francisco Employees’ Retirement System has announced commitments of $35 million to Versant Ventures VII and $150 million to San Francisco Asia Investors. The pension also made $50 million commitments each to Vista Equity Partners VII, Thoma Bravo Fund XIII and Hellman & Friedman Capital Partners IX.

As illustrated in the charts below, the $24.4 billion US public pension has an 18 percent target allocation to private equity that currently stands at 18.6 percent. Since September 2016, SFERS has been increasing its alternative asset allocations including a 5.6 percent increase to private equity. SFERS has made five commitments in 2018, which combined constitute $335 million.

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