FUNDRAISING NEWS | December 14, 2022
The San Francisco Employees’ Retirement System (SFERS) has disclosed two alternative investments totaling up to $90 million, as shown in meeting materials from the December 15 board meeting.
$50 million was committed to distressed credit fund, Centerbridge Flex Partners.This marks the fourth private credit investment with Centerbridge for the Retirement System.
In private equity, $40 million was committed to Volition Capital Fund V. Volition focuses on the software, internet, and consumer sectors.
As of October 31, 2022, SFERS has an actual and target allocation to private credit of 7.2% and 10% respectively. The actual and target allocation to private equity was 30.4% and 23% respectively.
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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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