SFERS Pens Real Estate, Infrastructure, Credit Fund Commitments in July, August

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.