San Francisco City & County Employees' Retirement System committed up to $400 million to six real assets and private equity investments in recent closed sessions, show documents issued for the system's Wednesday meeting.
The board of the $23.7 billion system committed up to $50 million to Scout Energy Partners IV at a meeting Nov. 8. The investment is classified as natural resources investment within the system's $3.1 billion real assets portfolio.
The retirement board on Oct. 11 approved committing up to $100 million to Denham Capital Management's International Power SCSp fund. The fund is considered a natural resources investment in SFERS' real assets portfolio.
The board in October also approved a commitment of up to $100 million in Clearlake Capital Group's Clearlake Capital Partners V, a special situations investment within the $3.6 billion private equity portfolio.
At its meeting on Sept. 13, the board committed up to $50 million to Gaw Capital Partners Gaw US Fund III. It is classified as a real estate investment in the real assets portfolio.
And in July, the board committed up to $50 million to Stonepeak Infrastructure Fund III, managed by Stonepeak Infrastructure Partners, and another $50 million to a sidecar vehicle, Stonepeak Infrastructure Fund III-S. Both investments are considered real estate investments.
