SFERS approves $50m commitment

The US public pension has backed an Asia-Pacific focused fund.

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 has announced a commitment of $50 million to PAG Special Situations Fund III.

The $24.14 billion US public pension has a 17 percent target allocation to private real estate that currently stands at 16.3 percent. As illustrated in the charts below, this is the first commitment to real estate for SFERS in 2019.

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