San Francisco City & County Employees' Retirement System announced new commitments totaling $192 million to private credit, private equity and real assets funds, said a report from Chief Investment Officer William J. Coaker Jr. for the upcoming board meeting Wednesday.
Within private credit, the $24.5 billion pension fund committed €50 million ($57 million) to AnaCap Credit Opportunities IV, a distressed debt fund managed by AnaCap Financial Partners. SFERS previously committed €45.9 million to AnaCap Credit Opportunities III in 2016.
As of Oct. 31, the pension fund's actual allocation to private credit was 2.2%.
Within private equity, the pension fund committed $50 million to PAG Asia Capital Fund III, an Asian-focused buyout fund, and $35 million Main Post II, a growth equity fund managed by Main Post Partners. Earlier this year, SFERS committed $50 million to PAG Asia Loan Fund III. The pension fund has not previously made any commitments to Main Post Partners funds.
As of Oct. 31, the pension fund's actual allocation to private equity was 18.6%.
Within real assets, the pension fund committed $50 million to WNG Aircraft Opportunities Fund II, an infrastructure fund managed by WNG Capital that is focused on commercial aircraft. It is SFERS' first commitment to WNG Capital.
As of Oct. 31, the pension fund's actual allocation to real assets was 15.4%.
