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 . . .
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