SFERS approves $359m in commitments

The US public pension has committed to nine private equity focused funds.

Institution: San Francisco Employees’ Retirement System
Headquarters: San Francisco, United States
AUM: $27.39bn
Allocation to alternatives: 25.17%
Bitesize: $10-$50m

San Francisco Employees’ Retirement System has announced $359 million-worth of private equity commitments to nine vehicles in its May board meeting packet.

The commitments comprise of $75 million to Cerberus Levered Loan Opportunities Fund IV; $50 million each to Odyssey Investment Partners Fund VI, HPS Mezzanine Private Investors 2019, and Altaris Health Partners V; $41 million to Battery Investment Partners XIII; $34 million to Battery Ventures XIII Side Fund; $30 million to Canaan XII; $18 million to Mayfield XVI; and $11 million to Mayfield Select II.

The US public pension has an 18.0 percent target allocation to private equity that currently stands at 21.3 percent.

As illustrated below, many of SFERS’ recent private equity commitments were made to growth equity and venture capital vehicles.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.