San Francisco City & County Employees’ Retirement System disclosed two new commitments totaling $150 million, according to a report from William J. Coaker Jr., chief investment officer, included in March 8 board meeting materials.
The $21.2 billion pension fund committed up to $100 million to LAV Biosciences Fund IV, a venture capital fund managed by Lilly Asia Ventures.
The pension fund also committed up to $50 million to SG Growth Partners IV, a buyout fund managed by Stripes Group.
Both commitments were SFERS’ first with these managers.
