SFERS approves $125m in commitments

The US public pension has backed two private debt funds.

Institution: San Francisco Employees’ Retirement System
Headquarters: San Francisco, United States
AUM: $25.9 billion
Allocation to alternatives: 26.4%

San Francisco Employees Retirement System announced commitments of $50 million to Blackstone Real Estate Debt Strategies IV and $75 million to SSG Secured Lending Opportunities III.

The $25.9 billion US public pension has a 10 percent target allocation to private debt that currently stands at 4.9 percent.

As illustrated below, SFERS tends to favour commitments to North America vehicles and the corporate sector.

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