San Francisco Pension Taps New PE Chief

Pension: San Francisco Employees’ Retirement System

Assets Managed: $16 Billion (Sept. 2012)

Target Allocation Alternatives: 16 percent ($2.56 billion)

Deputy Director for Investments: Vacant

The San Francisco Employees’ Retirement System, which oversees $16 billion in pension assets, named Art Wang as its new managing director of private markets to oversee investments in private equity, real estate and real assets.

The San Francisco pension had 13.4 percent of its portfolio invested in alternative assets as of September 2012. That includes private equity and venture capital. The pension’s alternative portfolio has an allocation target of 16 percent. Calls to a SFERS ...

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