San Francisco PE program nets 15.8 pct, surpassing benchmark

SFERS, San Francisco, private equity, venture capital, pension fund
  • San Francisco inks four new fund commitments
  • $23 bln pension set 18 pct allocation target for PE, VC
  • San Francisco launched PE program in 1987
San Francisco Employees’ Retirement System’s private equity program has netted a 15.8 percent internal rate of return since inception, surpassing its benchmark by more than half a percentage point, according to a TorreyCove Capital Partners report distributed at its Aug. ...

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