By Mario Marroquin
The retirement board of the San Francisco Employees
Retirement System (SFERS) approved $545 million fund commitments for real
estate, infrastructure and credit funds in July and August, the retirement
system reported. The city retirement system’s largest commitment last month,
according to meeting materials from the retirement board’s upcoming meeting
September 15, was a $300 million commitment towards the Presidio Loan Fund LP
vehicle managed by HPS.
SFERS also made the following fund commitments in July and
August:
·
$40 million to Vision Ridge Partners’ infrastructure
fund SAF Annex Fund LP.
·
$65 million to GCP’s real estate fund
SecureSpace Property Partners LP.
·
$70 million to Arrow Global’s credit fund Arrow
Credit Opportunities II USD Feeder SCSp.
·
$70 million to JEN Partners’ real estate fund
JEN 8 LP.
Materials from the September 15 meeting note SFERS is
investing in funds managed by GCP and Arrow Global for the first time. The
retirement system reported previous investments towards funds managed by Vision
Ridge, JEN Partners and HPS.
The $33.5 billion SFERS reported a 0.33% return on a fiscal
year-to-date basis as of August 31.