Investors - MAY 11, 2016

SFERS commits $150m to real estate and energy

by Zoë Wolff

The San Francisco Employees’ Retirement System has committed $150 million to real estate and energy, according to recent meeting documents.

The pension fund committed $100 million to Gateway Real Estate Fund V, managed by Gaw Capital Partners. The fund launched earlier this year and has raised $272 million, according to a filing with the SEC. The Gateway fund series invests primarily in China and other select area in the Asia Pacific region. The funds focus mainly on under-utilized assets and development opportunities.

SFERS also committed $50 million to Scout Energy Partners III, managed by Scout Energy Partners. The firm focuses on acquiring and managing mid-sized upstream oil and gas properties, mainly onshore assets within the United States. This investment is classified as a natural resources investment under SFERS’ real assets portfolio.

The pension fund has a 12 percent target allocation to real estate and a 17 percent target allocation to real assets.

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