New Investments Made in San Francisco

By Marc Sorondo

August 18, 2008

The San Francisco City & County Employees' Retirement System (SFERS) approved allocations to two new alternative funds, said David Kushner, deputy director of investments with the $16.7 billion plan. The board approved a E20 million allocation to Apollo Alternative Assets' European Principal Finance Fund and a $30 million allocation to Towerbrook Capital Partners's Investors III fund, a private equity fund focused on companies in Europe and North America.

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