San Francisco City & County Employees' Retirement System disclosed three new investments and commitments totaling $160 million, said a report from William J. Coaker Jr., chief investment officer, for the pension fund's upcoming board meeting on Wednesday.
The $24.2 billion pension fund made a direct investment of $100 million in BFAM Asian Opportunities Fund, a multistrategy hedge fund managed by BFAM Partners. The investment, which closed April 1, was made through San Francisco Absolute Return Investors II, a limited partnership between SFERS and Blackstone Alternative Asset Management.
As of April 30, the actual allocation to absolute return was 9.5%.
Separately, SFERS disclosed commitments of A$45 million ($35 million) to buyout fund BGH Capital Offshore I, which closed May 4, and $25 million to SBCVC Fund VI, a venture capital fund managed by SB China Venture Capital, which closed May 11.
As of April 30, the actual allocation to private equity was 16.4%.