San Francisco Employees Retirement System (SFERS) has approved three new fund commitments worth $175m (€170m) for its real assets portfolio, according to the pension funds meeting document.
The investments include a $65m commitment to GCP SecureSpace Property Partners, a logistics real estate investment fund managed by GLP Capital Partners and a $70m commitment to the JEN Partners-managed JEN 8 US residential fund.
SFERS made a $40m commitment to SAF Annex, an infrastructure fund set up by Vision Ridge Partners to target investments in industries undergoing a shift to sustainability including energy, transportation and agriculture.
GLP and Vision Ridge Partners each declined a request for comment. JEN Partners did not respond to a request for comment.
Real assets, which represent 12% of the pension fund’s $36bn portfolio, comprise real estate and natural resources.
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