SFERS commits $75m to real estate fund
The $19.9 billion San Francisco Employees’ Retirement System has committed $75 million to TriGate Property Partners III, according to recent meeting documents.
The fund, managed by TriGate Capital, launched in August 2015 and is seeking to raise $350 million. The fund will invest in office, industrial and retail properties in non-gateway U.S. markets.
SFERS committed $40 million to TriGate Property Partners II in 2012. Fund II closed in June 2013 after raising $324 million. The fund also received commitments from the Teacher Retirement System of