Bay area pension boosts private equity

The San Francisco Employees’ Retirement System (SFERS) approved a slew of new private equity commitments, totaling $500 million-plus, at its Dec. 8 retirement board meeting, according to its January 12 CIO Monthly Report.
The $37 billion system’s calendar year 2021 results were led by its investments in the private equity class, which returned 58%, according to the report. The system is also seeking to terminate an emerging markets manager.
The SFERS Retirement Board administers a defined benefit retirement plan for over 70,000 active and retired employees of the City and County of . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Annual subscriptions get you the most bang for your buck, including access to Alternatives Watch Research articles and out Annual Investor Compendium.
Monthly subscriptions and discounted corporate plans for up to 100 members also available.