By
David G. Barry
The
San Francisco City & County Employees’ Retirement System (SFERS) had an extremely active first quarter.
The $35.2 billion pension fund made 12 commitments totaling more than $500
million during Q1, according to a recent board presentation made by interim
Chief Investment Officer Kurt Braitberg.
SFERS invested $60 million in venture fund Battery
Ventures XIV, $15 million in growth fund Battery Ventures Select Fund II,
$26 million in private equity fund Polaris Growth Fund II, up to $50
million in growth fund Stripes VI LP, $35 million in private equity fund
MainPostCapital III, $65 million in Atalya Special Opportunities Fund
VIII, $20 million in venture fund Threshold Ventures IV, up to €65 million
($69 million) in ArchiMed’s MED Platform II, up to $75 million in OHA
Strategic Credit and $60 million New Mountain Net Lease Partners II.
SFERS also invested $25 million in RTW Innovation
Fund with the right to invest up to another $175 million in the
opportunistic stock fund. It also invested$25 million in Whale Rock Long
Opportunities Fund with the right to invest up to another $175 million in
the long/short equity hedge fund.
SFERS recently announced that Alison Romano will take over as CIO and
CEO in June. She has been the deputy CIO of the Florida State Board of
Administration.