San Francisco Employees’ Retirement System (SFERS) is planning to invest up to $700m (€619.9m) in real assets this year and expects to capitalise on real estate opportunities that may arise as a result of the COVID-19 pandemic.

SFERS, which approved $902m worth of commitments last year, said in a meeting document that its strategy for 2020 includes investing in real estate debt as well as continuing its investment in areas like logistics, residential and communications infrastructure.

Earlier this year, IPE Real Assets reported that the $26.1bn pension fund is investing $150m in communication infrastructure and industrial property.

The pension fund’s meeting document also reveals that it recently approved a $50m commitment to the Blackstone Real Estate Debt Strategies IV.

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