San Francisco City & County Employees' Retirement System announced new commitments totaling $236 million to private equity and private credit funds, said a report from Chief Investment Officer William J. Coaker Jr. for the upcoming board meeting Wednesday.
Within private equity, the $24.1 billion pension fund committed $100 million to CMC Capital Partners III, a growth equity fund managed by China Media Capital. SFERS previously committed up to $100 million to CMC Capital Partners II in 2016.
The pension fund also committed $27 million to Lightspeed China Partners IV and $9 million to Lightspeed China Partners Select I, both China-focused venture capital funds managed by Lightspeed Venture Partners, as well as $25 million to Fifth Wall Ventures II, a venture capital fund.
As of Dec. 31, the actual allocation to private equity was 20.1%.
Within private credit, SFERS committed $75 million to MGG SF Evergreen Unlevered Fund, a senior debt fund managed by MGG Investment Group.
As of Dec. 31, the actual allocation to private credit was 2.4%.