San Fran Commits $92M to Private Markets; Approves Allocation Changes

The San Francisco Employees’ Retirement System approved two allocations to private equity and private credit totaling $91.6 million according to materials from the June 12th Board meeting. 

In private equity, $16.6 million was committed to Gasherbrum Fund II. 

And in private credit, $75 million was allocated to Atalaya Special Opportunities Fund IX.

Also approved during the meeting was Wilshire’s recommendations for a new target allocation mix. The target allocation for global equity and private equity both decreased, the new targets being 32% (-5%) and 20% (-3%). 

Additionally, the public credit and cash exposures were increased, the new targets being 12% (+7%) and 1% (+1%). The private credit, real assets, and absolute returns targets remained the same at 10% respectively. The international treasuries exposure target was also unchanged at 8%. 

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