In late June, the $33 billion City and County of San Francisco Employees' Retirement System (SFERS) closed on commitments to alternative investment funds totaling $215 million, according to a report from Alison Romano, CEO/CIO, that was delivered the system’s board for its July 14 meeting.
The system’s retirement board earlier approved an investment of up to $60 million in Searchlight Opportunities Fund II, L.P., which closed on June 30. This investment is classified as a distressed/special situations investment within SFERS’ private credit portfolio. The allocation was the portfolio’s . . .
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