San Francisco City & County Employees' Retirement System's board committed of up to $250 million in three opportunistic real estate funds, said a disclosure document released for the board's meeting Wednesday.
The commitments were approved in closed session at the board's Nov. 12 meeting.
The board of the $20 billion pension fund committed up to $100 million to KSL Capital Partners IV, up to $75 million to Fortress Real Estate Opportunities Fund II and up to $75 million in Fortress Japan Opportunity Fund III, both managed by Fortress Investment Group.
