San Francisco City & County Employees’ Retirement System disclosed $130 million in commitments in a report from CEO/CIO Alison Romano included with materials for its upcoming Aug. 14 board meeting.
The $36.1 billion pension fund committed $75 million to Fortress Credit Opportunity Fund VI, an opportunistic credit fund managed by Fortress Investment Group, $35 million to buyout fund Resurgens Technology Partners III and $20 million to NEA Secondary Opportunity Fund, a venture capital fund managed by New Enterprise Associates.
SFERS previously committed $75 million to Fortress Credit Opportunity Fund V(A) in 2019 and a combined $100 million to New Enterprise Associates 18 and NEA 18 Venture Growth Equity in 2022. There is no record of any prior commitments to Resurgens Technology Partners.
As of July 31, the pension fund’s actual allocations to private equity and private credit were 27.6% and 8.6%, respectively; their respective targets are 20% and 10%.
