San Francisco City & County Employees' Retirement System disclosed three new alternative fund commitments totaling $201 million in a report from CEO/CIO Alison Romano included with upcoming Aug. 17 board meeting materials.
The $34.5 billion pension fund committed $75 million to Altaris Health Partners VI, a buyout fund managed by Altaris Capital Partners; $70 million to infrastructure fund Blackstone Energy Transition Partners IV; and €50 million ($56 million) to MCP Private Capital Fund V, a private credit fund managed by Metric Capital Partners, according to the report.
All are existing managers for the pension fund. SFERS previously committed $20 million to Altaris Padagis Co-Invest in 2021, $115 million to Blackstone Real Estate Partners X in 2022, and €50 million to MCP Private Capital Fund IV in 2020.
As of July 31, the actual allocations to private equity, real assets and private credit were 29.1%, 15.2% and 7.6%, respectively; their respective targets are 23%, 10% and 10%.