San Francisco City & County commits total of $115 million to 3 managers
By Rob Kozlowski | February 19, 2013 3:21 pm
San Francisco City & County Employees' Retirement System made a total of $115 million in new commitments, confirmed Robert Shaw, interim deputy director of investments.
The $16.7 billion pension fund committed up to $50 million to Harrison Street Real Estate Partners IV, managed by Harrison Street Real Estate Capital, up to $40 million to AEW Partners Fund VII, managed by AEW Capital Management, and up to $25 million to Highbridge Principal Strategies Mezzanine Partners II.
Separately, the pension fund announced Ashmore Investment Management, Gramercy, PIMCO and Stone Harbor Investment Partners as finalists in its search for an emerging markets debt manager to run about $110 million.
The pension fund issued an RFP in October after it decided to liquidate Ashmore Investment Management's local currency short-duration portfolio and pursue a strategy that includes longer duration assets as well as corporate emerging markets debt.
Mr. Shaw said the pension fund expects to make a decision at its March 13 board meeting.