SFERS approves $125m in commitments

The US public pension has backed multi-regional and North America focused private debt funds.

Institution: San Francisco Employees’ Retirement System
Headquarters: San Francisco, United States
AUM: $24.8bn
Allocation to alternatives: 36.9%

San Francisco Employees’ Retirement System has committed $75 million to Fortress Credit Opportunities Fund V and $50 million to Fortress Lending Fund I.

As illustrated in the charts below, the $24.8 billion US public pension has a 10.0 percent target allocation to private debt that currently stands at 2.2 percent. SFERS has also made two commitments focused on private debt recently, which combined constitute $125 million.

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