---
title: San Francisco ERS Commits $175M to Alternatives
description: San Francisco ERS Commits $175M to Alternatives.
---

[Dakota Funds ](https://dakotafunds.com/dakota-funds)

# [San Francisco ERS Commits $175M to Alternatives](https://dakotafunds.com/dakota-funds/fundraising-news/san-francisco-ers-commits-175m-to-alternatives)

 Written by [John Washington, Data Research Analyst](https://dakotafunds.com/dakota-funds/author/john-washington-data-research-analyst) | April 20, 2023

The San Francisco Employees Retirement System (SFERS) has committed up to $175 million between four new alternative investments, according to the April 20 board meeting.

In private equity, up to $75 million was committed to the buyout fund, Parthenon Investors VII, managed by Parthenon Capital. In addition, up to $40 million was split between two venture capital funds managed by Eclipse Ventures; $25 million was allocated to Eclipse Fund, and $15 million was allocated to Eclipse Early Growth Fund II. 

Up to $60 million was allocated to the private credit fund, Ares Pathfinder II Fund, managed by Ares Capital Management.

As of March 31, 2023, SFERS allocates 30.2% to private equity and 7.6% to private credit. They have target allocations of 23% and 10% to these asset classes respectively.

*For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a *[free trial](https://www.dakota.com/free-trial)* of Dakota Marketplace!*

* *

[View full post](https://dakotafunds.com/dakota-funds/fundraising-news/san-francisco-ers-commits-175m-to-alternatives)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "John Washington, Data Research Analyst"
  },
  "dateModified" : "2024-04-04T23:17:13.959Z",
  "datePublished" : "2023-04-20T04:00:00Z",
  "headline" : "San Francisco ERS Commits $175M to Alternatives",
  "image" : {
    "@type" : "ImageObject",
    "height" : 533,
    "url" : "https://22672301.fs1.hubspotusercontent-na1.net/hubfs/22672301/Imported_Blog_Media/san_francisco-Dec-07-2021-05-11-11-12-PM-4.jpg",
    "width" : 800
  },
  "mainEntityOfPage" : "https://dakotafunds.com/dakota-funds/fundraising-news/san-francisco-ers-commits-175m-to-alternatives",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Dakota Funds"
  }
}
```