SF pension backs major Asia-focused firm, bets on tech via PE and venture funds

SFERS, San Francisco Employees’ Retirement System, Cambridge Associates, pension fund, private equity
View of San Francisco Bay Bridge at sunset, with the city in the background,on Aug. 11, 2017. REUTERS/Alexandria Sage - RC18FDC56A60
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 ...

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