San Francisco City & County Employees’ Retirement System committed up to $75 million to Chorus Capital Credit Fund V.
The $35.4 billion pension fund’s board approved the commitment to the credit special situations fund in closed session at its March 13 meeting, according to a report from CEO/CIO Alison Romano in materials for its upcoming April 10 board meeting.
It is the first time SFERS has made a commitment to a Chorus Capital fund. The firm is a London-based alternatives manager that invests in “corporate loan portfolios through risk-sharing transactions with banks in Europe and across the globe,” according to its website.
As of March 31, the pension fund’s actual allocation to private credit was 6%.
