San Francisco ERS Commits $200 Million to Alternatives

The San Francisco Employees Retirement System (SFERS) disclosed commitments to 3 alternative investments totaling $200 million, at their August 17th Retirement Board Meeting.

Within private equity, $75 million was committed to Altaris Health Partners VI. In private credit, €50 million (approximately $55M) was committed to MCP Private Capital Fund V, managed by Metric Capital Partners. And in Real Assets, $70 Million was committed to Blackstone Energy Transition Partners IV.

As of July 31, 2023, the $34.5 billion Retirement System has an actual and target allocation to private credit of 7.6% and 10% respectively. The actual and target allocation to real assets is 15.2% and 10% respectively. The actual and target allocation to private equity is 29.1% and 23% respectively.

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