SFERS approves $375m in commitments

The US public pension has backed a multi-regional and two North America focused funds.

Institution: San Francisco Employees’ Retirement System
Headquarters: San Francisco, United States
AUM: $27.39bn
Allocation to alternatives: 25.17%
Bitesize: $50-$100m

San Francisco Employees’ Retirement System announced $375 million-worth of private equity commitments to three vehicles in its board meeting packet.

The commitments comprise of $50 million each to Carlyle’s SASOF V and Vista Foundation Fund IV, and $275 million for Presidio Loan Fund.

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

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