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SFERS approves $70m in commitments

The US public pension has backed a North America and Europe focused fund and a Asia focused fund.

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Institution: San Francisco Employees’ Retirement System
Headquarters: San Francisco, United States
AUM: $24.14bn
Allocation to Alternatives: 38.40%
Bitesize: $10-50m

San Francisco Employees’ Retirement System announced commitments of $50 million to C-Bridge Healthcare Fund IV and $20 million to Versant Vantage I.

The $24.14 billion US public pension has a 18.0 percent target allocation to private equity that currently stands at 19.6 percent. As illustrated in the charts below, the pension has made two commitments to private equity in Q2 of 2019, totaling $70 million.

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