San Francisco Employees Retirement System has become a limited partner in the SDC Digital Infrastructure Opportunity Fund V with a $50m (€43.3m) commitment, according to a recent board meeting document.
This investment will form part of the pension fund’s real assets portfolio.
SDC Capital Partners is the manager of the fund. No information on the targeted capital raise for the fund was provided.
The fund manager had a $2.1bn capital raise that was completed in 2024 for Fund IV in the series, according to sources familiar with the fund.
Fund V is considered to be a value-add fund and will invest in assets in North America and Western Europe.
Assets can include data centres, fibre networks and wireless infrastructure.
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