US pension SFERs commits $49m to two APAC funds

US pension SFERs commits $49m to two APAC funds

Golden Gate bridge, San Francisco, United States. Photo: Pixabay

San Francisco City and County Employees’ Retirement System (SFERS) has closed commitments of about $49 million to two investment funds operating in the Asia Pacific (APAC), per the US pension fund’s investment report.

SFERS closed a A$33 million ($24 million) commitment to CIVF VI Australia, a fund managed by US-headquartered Cabot Properties, in December. SFERS had earlier approved an investment, within the real assets portfolio, of up to A$40 million to the vehicle.

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