San Francisco City and County Employees’ Retirement System committed a total of $90.65 million to three private equity funds at Tuesday board meeting. The $15.8 billion fund allotted €23 million ($30.65 million) to Apax Europe VII and $30 million each to Sun Capital Partners V and OCM Opportunities Fund VII, confirmed David Kushner, deputy director of investments.
The fund also renewed the contract of general consultant Angeles Investment Advisors for five years.
Finally, the fund chose finalists in its search for core-plus fixed-income managers. The size has not been determined but is likely to total $1.8 billion, said Mr. Kushner. The firms are: Loomis Sayles, PIMCO, Western Asset Management, Stone Harbor Investment Partners, ING Investment Management, Aberdeen Asset Management, Julius Baer and TCW. Fund officials will likely hire three to six managers at its May board meeting.
