San Francisco ERS Commits $140M to Private Credit, Private Equity

The San Francisco Employees Retirement System has committed $140 million between a private credit and a private equity fund, according to meeting materials from the upcoming February 16 meeting. 

$65 million is to be allocated to Blue Torch Credit Opportunities Fund III, a direct lending fund managed by Blue Torch Capital.

In private equity, $75 million is to be committed to Institutional Venture Partners XVIII, a venture capital fund managed by Institutional Venture Partners. 

As of January 31, 2023, the $33 billion pension fund allocates 7.4% to private credit and 30% to private equity. They target 10% to private credit and 23% to private equity. 

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