San Fran ERS Allocates $125M to Private Equity, Real Estate

The San Francisco Employees’ Retirement System (SFERS) committed $125M across two private equity and real estate funds in August, according to the CIO’s report to be presented at its September 11 board meeting. 

SFERS allocated $50M to Sculptor Real Estate Fund V, a real estate investment within its real assets portfolio. The commitment was made on August 27, establishing a new investment relationship for SFERS with Sculptor Capital Management. 

The retirement system also approved a $75M commitment to Thoma Bravo Discover Fund V, a middle-market buyout fund strategy within SFERS’ private equity sleeve. That investment closed on August 30. 

According to the CIO report, SFERS had a market value of $36.4B as of August 31.

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