San Francisco Employees’ Commits $70M to Venture Capital

The San Francisco Employees’ Retirement System (SFERS) has approved an investment of up to $70 million across three private equity funds managed by Versant Ventures.

Meeting materials from the upcoming October 20 board meeting show that the Board approved a $35 million commitment to Versant Venture Capital IX, a $17.5 million commitment to Versant Voyageurs III, and a $17.5 million commitment to Versant Vantage III.

As of June 30, 2022, the $33 billion Retirement System has an actual and target allocation to private equity of 32.6% and 23% respectively.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.

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