San Francisco City and County Retirement Board has approved an...

San Francisco City and County Retirement Board has approved an investment of $25 million to $50 million in a real estate mandate that includes limited partnerships known as DLJ Real Estate Capital Partners II — subject to additional information about the investments to be provided to the board. The board asked DLJ Investment Management, the investment manager, to provide more details on its investment plan for the portfolio, which includes limited partnerships, said Claire Murphy, executive director of the $11.2 billion retirement system. The board will determine the exact size of the mandate at a subsequent board meeting, she said.