View of San Francisco Bay Bridge at sunset, with the city in the background,on Aug. 11, 2017. REUTERS/Alexandria Sage - RC18FDC56A60
AUM: $24 bln
Target allocation to PE: 18 pct
Actual allocation to PE: 17.1 pct
Why this is important: San Francisco has made several commitments to non-U.S. funds this year
San Francisco Employees’ Retirement System committed $185 million to Hillhouse Capital, DCM Ventures and K1 Investment Management. The commitments were disclosed in an investment report presented at the system’s Aug. 8 board meeting. The $24 billion San Francisco pension system ...