US pension fund SFERS commits $161m to CMC Capital, Lightspeed China, Fifth Wall funds

US pension fund SFERS commits $161m to CMC Capital, Lightspeed China, Fifth Wall funds

The Golden Gate bridge in San Francisco. Photo: Jakub Gorajek/unsplash

The San Francisco Employees’ Retirement System (SFERS) has committed to invest $100 million in China’s CMC Capital Partners III LP, a total of $36 million in Lightspeed China Partners’ latest fund family, and $25 million in Fifth Wall Ventures.

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