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.

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