Products
Integrations
Services
Company
FUNDRAISING NEWS | November 12, 2024
The San Francisco Employees Retirement System (ERS) allocated $100M in combined investments to two alternative funds, according to materials related to its upcoming November 13 board meeting.
Early stage venture capital strategy LAV Fund VII and hedge fund Voleon Institutional Strategies Fund each received $50M in commitments from the pension. The ERS said it already disbursed an initial $31.8M in April to the LAV fund, and another $16.6M as of its last public disclosure, for a total of $48.4M thus far, with subsequent closings to be expected until reaching the full commitment amount. Meanwhile, the pension closed its investment with Voleon on November 1.
Per Dakota data, as of September 30, the current private equity allocation of the San Francisco pension stood at 27.5% against a 20% target, while its current hedge fund allocation is at 8.7% against a 10% target.
For more public pension insights and a comprehensive library of public plan minutes, book a demo of Dakota Marketplace!
Written By: Dakota
November 04, 2024
November 11, 2024
October 16, 2024
925 West Lancaster Ave
Suite 220
Bryn Mawr, PA 19010
Tel: (610) 642-1481
© Dakota 2024 | Terms of Use | Privacy Policy | California Privacy Policy