San Francisco City & County Employees’ Retirement System committed a total of $75 million to two growth equity funds managed by Level Equity Management.
The $36.5 billion pension fund disclosed the Sept. 18 commitments of $55 million and $20 million, respectively, to Level Equity Growth Partners VI and Level Equity Opportunities Fund 2025 in a report from CEO/CIO Alison Romano included with materials for its upcoming Oct. 9 board meeting.
SFERS previously committed $29 million to Level Equity Growth Partners V and $11 million to Level Equity Opportunities Fund 2021 in 2021.
As of Sept. 30, the pension fund’s actual allocation to private equity was 27.5%; the target is 20%.
