SFERS approves $165m in commitments

The US public pension has backed three North America focused funds.

Institution: San Francisco Employees’ Retirement System
Headquarters: San Francisco, United States
AUM: $24.14bn
Allocation to alternatives: 38.4%
Bitesize: $50-$100m

San Francisco Employees’ Retirement System announced commitments of $75 million to Carnelian Energy Capital III, $60 million to Vista Equity Endeavor Fund II and $30 million to e.ventures U.S. VI.

As illustrated in the charts below, the $24.14 billion US public pension has an 18.0 percent target allocation to private equity that currently stands at 19.6 percent. SFERS has committed a total of $685 million to private equity so far in 2019.

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