Searches and Hires

San Francisco lines up $161.5 million in commitments to 3 funds

San Francisco City & County Employees' Retirement System disclosed commitments totaling $161.5 million, said a report from Chief Investment Officer William J. Coaker Jr. for the pension fund's upcoming board meeting on Wednesday.

The $23.7 billion pension fund committed €50 million ($61.5 million) to Exeter Europe Value Venture III, a real estate fund managed by Exeter Property Group. It is SFERS' first commitment with Exeter.

Also, the pension fund committed $50 million to Sustainable Asset Fund II, an infrastructure fund that invests in sustainable projects and ventures, managed by Vision Ridge Partners. It is the pension fund's first commitment to the manager.

Those two commitments fall within SFERS' real assets asset class. As of March 31, the actual allocation was 14.2%.

The pension fund also committed $50 million to PAG Asia Loan Fund III, a direct lending fund. The pension fund previously committed $50 million to buyout fund PAG Asia II in 2015.

That commitment falls within SFERS' private debt asset class. As of March 31, the actual allocation was 1.8%.