---
title: San Francisco ERS Commits $230M to Alts
description: San Francisco ERS Commits $230M to Alts
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/san_francisco_pensions-Nov-02-2021-02-29-02-51-AM.jpg
---

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# San Francisco ERS Commits $230M to Alts

**Written by: ** Helen Bascom, Marketing Associate 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/san_francisco_pensions-Nov-02-2021-02-29-02-51-AM.jpg)

The San Francisco Employees’ Retirement System made four investments to alternatives, totaling $230 million.

In venture capital, $75 million was committed to Institutional Venture Partners XVIII. In real assets, $60 million was committed to  SDC Digital Infrastructure Opportunity Fund IV. Within real estate, $70 million was committed to Milestone Real Estate Investors VI. Lastly, $25 million was committed to Torus Feeder 2, a hedge fund managed by Qube Research & Technologies.

As of March 31, 2023, the $34 billion pension fund allocates approximately 15.5% to real assets with a target allocation of 15%. Approximately 9.7% to hedge funds with a target of 10%. And approximately 30.2% to private equity with a target of 23%. 

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

 Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Real Estate](https://dakotafunds.com/dakota-funds/tag/real-estate), [Private Equity](https://dakotafunds.com/dakota-funds/tag/private-equity), [Real Assets](https://dakotafunds.com/dakota-funds/tag/real-assets)

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