San Francisco City & County Employees' Retirement System disclosed $92 million in commitments and investments in a report from CEO/CIO Alison Romano included with materials for its upcoming June 12 board meeting.
The $35.3 billion pension fund committed $75 million to Atalaya Special Opportunities Fund IX, a private credit fund managed by Atalaya Capital Management, and $17 million to Gasherbrum Fund II, a buyout fund managed by K1 Investment Management, the report said.
Both are existing managers for the pension fund. Previous commitments include up to $35 million to Atalaya Asset Income Fund III in 2016 and $50 million to K5 Private Investors in 2020.
As of May 31, the pension fund’s actual allocations to private equity and private credit were 28.6% and 8.7%, respectively; their respective targets are 23% and 10%.
