San Francisco City & County Employees' Retirement System disclosed new commitments totaling $135 million in an investment report from CIO William J. Coaker Jr. for its Jan. 13 board meeting.
Within its private credit asset class, the $30.6 billion pension fund committed $60 million to Kennedy Lewis Capital Partners II, a global credit opportunities fund managed by Kennedy Lewis Investment Management.
As of Dec. 31, the actual allocation to private credit was 5.1%.
Within real assets, the pension fund committed $50 million to Grain Communications Opportunity Fund III, an infrastructure fund managed by Grain Management, and a total of $25 million to real estate funds CapRock Partners Value-Add Industrial Fund III and CapRock Partners Industrial Co-Investment Fund III (S).
As of Dec. 31, the actual allocation to real assets was 12.1%.