The $25.1 billion San Francisco Employees’ Retirement System has committed a total of roughly $323 million to five real estate funds, according to CIO William Coaker.
The five equity commitments are as follows:
$25 million to Carmel Partners Investment Fund VII
$50 million to ARCH Capital Asian Partners IV
$50 million to Gateway Real Estate Fund VI
€75 million ($85 million) to Niam Nordic VII KB
€100 million ($113 million) to European Property Investors Special Opportunities 5
The first fund, Carmel Partners Investment Fund VII, managed by Carmel Partners, targets investments in U.S. multifamily value properties in seven core markets.
The second fund, ARCH Capital Asian Partners IV, managed by ARCH Capital Management Co., is an opportunistic real estate fund that will focus its investments in Asia.
The third fund, Gateway Real Estate Fund VI, managed by Asia Pacific private equity fund manageme
