SFERS approves $352m in commitments

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

Institution: San Francisco Employees’ Retirement System
Headquarters: San Francisco, US
AUM:
$36.48 billion
Allocation to alternatives: 47.4%

San Francisco Employees’ Retirement System has announced commitments of $50 million to Thoma Bravo XV, $54 million to BGH Capital Fund II, $65 million to Peppertree Capital Fund IX, $33 million to Spring Lane Capital Fund II and an additional $150 million committed to Knightsbridge H 2019. Previously $100 million was committed to this fund.

The $36.48 billion US public pension has an 18 percent target allocation to private equity that currently stands at 30 percent.

As illustrated below, a majority of SFERS’ recent commitments have been to funds focused on technology, clean tech and diversified sectors in North America and Asia.

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