San Francisco City & County Employees' Retirement System disclosed two new private credit commitments totaling $120 million in a report from CIO William J. Coaker Jr. for its upcoming board meeting Wednesday.
The $27.4 billion pension fund made commitments of $60 million each to opportunistic credit fund Fortress Credit Opportunities Fund V Expansion and direct lending fund Fortress Lending Fund II, both managed by Fortress Investment Group.
SFERS previously committed $75 million to Fortress Credit Opportunities Fund V (A) and $50 million to Fortress Lending Fund I (A) in 2019.
As of July 31, the actual allocation to private credit was 4.6%.
