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.