The $21.2 billion San Francisco City & County Employees’ Retirement System committed up to $275 million to five funds spanning private equity, mezzanine debt, natural resources and credit, according to agenda material from the system’s Wednesday board meeting.
The board meeting in closed session on Dec. 16 committed $100 million to Hong Kong-based SSG Capital Management — $50 million each to SSG Capital Partners IV, which specializes in credit and special situation investing in Asia, and SSG Secured Lending Opportunities II, a special situations fund.
At the same meeting, the board in closed session committed up to $50 million to ABRY Senior Equity V, a mezzanine debt fund managed by ABRY Partners.At its meeting on Nov. 9, the board committed up to $75 million in closed session to EIV Capital Fund III. The private equity fund provides financing to energy companies with a focus on the midstream and downstream part of the market. At the same meeting, the board committed up to $50 million to Taurus Funds Management‘s Taurus Mining Finance Annex Fund. The natural resources fund finances the mining of gold, copper and metallurgical coal.