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: $50-100m

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 10 percent target allocation to private debt that currently stands at 2.5 percent. As illustrated in the charts below, the pension has made three additional commitments to private debt since January 2019, totaling $325 million for 2019.

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