SFERS approves $50m commitment

The US public pension has backed a North America-focused infrastructure fund.

Institution: San Francisco Employees’ Retirement System
Headquarters: San Francisco, US
AUM: $30.65 billion
Allocation to alternatives: 39.50%

San Francisco Employees’ Retirement System has approved a commitment of $50 million to Grain Communications Opportunity Fund III, according to the pension’s January 2021 meeting agenda.

The $30.65 billion US public pension dedicates 39.5 percent of its investment portfolio to alternatives.

As illustrated below, the pension’s recent commitments have been to funds focused on mining, telecoms and energy sectors in Asia-Pacific and North America.

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