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SFERS continues partnership with IVP

The US pension funds backed a $1.5 billion tech growth fund.

San Francisco Employees’ Retirement System (SFERS) has approved up to $100 million to Institutional Venture Partners XVI.

The firm, which is targeting $1.5 billion, will use the capital to invest in telecommunication and technology businesses.

SFERS is a long-term backer of IVP and has invested in the previous vehicles of the fund series, including Fund XII, XIII, XIV, XV.

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