SFERS approves $155m in commitments

The US public pension has backed a multi-regional, North America and Western Europe focused funds.

Institution: San Francisco Employees’ Retirement System
Headquarters: San Francisco, United States
AUM: $27.21bn
Allocation to alternatives: 40.50%
Bitesize: $50-$100m

San Francisco Employees’ Retirement System announced $155 million-worth of private debt commitments to three vehicles in its board meeting packet.

The commitments comprise of $75 million to Castlelake Aviation IV – Stable Yield (leasing), $25 million to Castlelake Aviation IV Stable Yield Opportunities and €50 million to MCP Private Capital Fund IV.

The US public pension has a 10.00 percent target allocation to private debt that currently stands at 3.90 percent.

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