San Francisco City & County Employees' Retirement System disclosed two new commitments totaling $150 million in a report from Chief Investment Officer William J. Coaker Jr. for the upcoming board meeting Wednesday.
The $26.7 billion pension fund committed $100 million to PAG Loan Fund IV, a senior debt/direct lending fund. SFERS committed $50 million to PAG Special Situations Fund III, an Asian-focused distressed debt/special situations fund, earlier this year.
As of Oct. 31, the fund's actual allocation to private credit was 3.8%.
The pension fund also committed $50 million to EMRIIISC, a natural resources fund managed by EMR Capital. The pension fund previously committed $100 million to natural resources fund EMR Capital Resources Fund III.
As of Oct. 31, the actual allocation to real assets was 16.7%.