San Francisco City & County Employees' Retirement System disclosed three new private equity commitments totaling $90 million in a report from Chief Investment Officer William J. Coaker Jr. for the pension fund's upcoming board meeting Dec. 11.
The $27 billion pension fund committed $50 million to buyout fund MBK Partners V, $30 million to MPGC II FRG Co-Investment, a private equity co-investment with Main Post Partners, and $10 million to KVC Secondaries Fund II, a venture capital fund managed by Knightsbridge Advisers.
SFERS previously committed up to $50 million to MBK Partners IV in 2017, and $100 million to Knightsbridge H 2019 and $10 million to Knightsbridge A earlier this year. The commitment to Main Post Partners is the pension fund's first with the manager.
As of Nov. 30, the actual allocation to private equity was 21.1%; the target is 18%.