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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Mark Fortune

Mark Fortune has more than 30 years of experience as a financial writer and editor, with a focus on institutional investment management. He has worked in various editorial roles at organizations that include Institutional Investor, Pageant Media, Markets Group and, most recently, at New York investment management firm Cohen & Steers.

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