The San Francisco City & County Employees' Retirement System allocated up to $100 million to two managers, according to agenda materials for the Wednesday board meeting.
At its April 12 meeting, the retirement board approved a commitment in closed session of up to $75 million to Carnelian Energy Capital II, managed by Carnelian Energy Capital Management.
The commitment is classified as a natural resources investment within SFERS' real assets portfolio.
At its meeting on June 14, the retirement board in closed session approved a $25 million hedge fund investment in global macro fund Key Square Partners, managed by Key Square Group.
