SFERS approves $290m in commitments

The US public pension has backed Europe, Asia and North America focused funds.

Institution: San Francisco Employees’ Retirement System
Headquarters: San Francisco, United States
AUM: $24.4bn
Allocation to alternatives: 36.20%

The board of the San Francisco Employees’ Retirement System has announced commitments of $25 million to Carmel Partners Investment Fund VII and €100 million European Property Investors Special Opportunities 5. Then pension also made $50 million commitments each to Arch Capital Asian Partners IV, Gateway Real Estate Fund VI and Niam Nordic VII.

As illustrated in the charts below, the $24.4 billion US public pension has a 17 percent target allocation to private real estate that currently stands at 15.4 percent. SFERS has increased its asset allocations over the years, a 3.4 percent increase for private real estate since September 2016. SFERS has also made five commitments in 2018, which combined constitute $290 million.

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