San Francisco City and County Employees Retirement System
Public pension, based in California, reporting $38B in assets, for 81,175 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: 14 Jan 2026, 3 open manager searches: Actuarial Consulting Services search; Passive Large Cap Growth Index search; SFDCP Large Cap Growth Equity Fund search.
13 more people, 2 more advisers and 8 more dated events
Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
People to know
View all people- Chief Executive Officer and Chief Investment OfficerWhy: Chief investment officer: owns the allocation decisionNo route on file yet
- Managing Director-Asset Allocation, Risk Management and Innovative SolutionsWhy: Managing directorNo route on file yet
Capital path
who backs this record, through what, into what; each name opens its own path- Alison RomanoChief Executive Officer and Chief Investment Officer
- Anna LangsManaging Director-Asset Allocation, Risk Management and Innovative Solutions
- Anna LangsManaging Director, Asset Allocation, Risk Management and Innovative Solutions
- Strategic Partners Infrastructure IV L.P.$75.0M committed
- Artemis Real Estate Partners Healthcare Fund III, L.P.$60.0M committed
- Stripes VII, LP$50.0M committed
- Blackstone$75.0M across 1 commitment
- Artemis Real Estate Partners Fund I$60.0M across 1 commitment
- Stripes, LLC$50.0M across 1 commitment
Relationship network
24 connected entities3 observed commitments1 repeat counterparty$185M disclosed commitments (3 commitments)commitments 2025
From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.
- Sponsor
- Fund or vehicle
- Service provider
- Person
›How strength and recency are read
Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Size, funding, policy and commitments, with their basesPublic pensionShowHide
Consultants and advisers
- Cambridge Associates General consultantthrough Jun 30, 2025 ACFR
- Aksia LLC General consultantthrough Jun 30, 2025 ACFR
- Callan LLC General consultantthrough Jun 30, 2025 ACFR
+2 more consultants and advisers advise this allocator
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Decision makers
- Alison Romano · Chief Executive Officer and Chief Investment OfficerWhy this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
- Anna Langs · Managing Director-Asset Allocation, Risk Management and Innovative SolutionsWhy this person: Managing director; Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
People
- Anna Langs Managing Director-Asset Allocation, Risk Management and Innovative SolutionsAsset-class head
- Anna Langs Managing Director, Asset Allocation, Risk Management and Innovative SolutionsAsset-class head
+13 more people on the investment staff and board
Every name, title and published role at this allocator, with the page it was read from.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Manager roster
- Blackstone$75.0M, 1 row, 1 re-ups, latest Jun 11, 2025
- Artemis Real Estate Partners Fund I$60.0M, 1 row, 1 re-ups, latest Jun 30, 2025
- Stripes, LLC$50.0M, 1 row, latest Jun 30, 2025
What changed
- Jan 14, 2026Search openedSan Francisco Employees' Retirement System (SFERS) opens a Actuarial Consulting Services search
- Jan 14, 2026Search openedSan Francisco Employees' Retirement System (SFERS) opens a Passive Large Cap Growth Index searchwith Northern Trust Investments, Incorporatedcdn.mysfers.org
- Jan 14, 2026Manager terminatedSan Francisco Employees' Retirement System (SFERS) terminates Vanguard (Passive Large Cap Growth Index)with Vanguardcdn.mysfers.org
- Nov 12, 2025Manager terminatedSan Francisco Employees' Retirement System (SFERS) terminates T. Rowe Price (SFDCP Large Cap Growth Equity Fund)
- Nov 12, 2025Search openedSan Francisco Employees' Retirement System (SFERS) opens a SFDCP Large Cap Growth Equity Fund search
+8 more dated events
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Commitments
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| Jun 30, 2025 | Artemis Real Estate Partners Healthcare Fund III, L.P. | Artemis Real Estate Partners Fund I | Real estate | $60.0M | Committed (dated)re-up | cdn.mysfers.org | |
| Jun 30, 2025 | Stripes VII, LP | Stripes, LLC | Venture | $50.0M | Committed (dated) | cdn.mysfers.org | |
| Jun 11, 2025 | Strategic Partners Infrastructure IV L.P. | Blackstone | Infrastructure | $75.0M | 2024 | Committed (dated)re-up | cdn.mysfers.org |
Size and funding
Commitment history
How the history is foldedOne line per vehicle, folded across the board’s own minutes and the plan’s later reports: when the item was proposed or recommended, when the board approved it, when the closing was dated, and when the position first showed up in a report. A line is closed only when a closing date exists; held means the plan reports the position without one on this graph.| Vehicle | Manager | Amount | State | Proposed | Approved | Closed | First reported | Other LPs |
|---|---|---|---|---|---|---|---|---|
| Stripes VII, LP | Stripes, LLC | $50.0M | closed | - | - | Jun 30, 2025 | - | - |
| Artemis Real Estate Partners Healthcare Fund III, L.P. | Artemis Real Estate Partners Fund I | $60.0M | closed | - | - | Jun 30, 2025 | - | - |
| Strategic Partners Infrastructure IV L.P. | Blackstone | $75.0M | closed | - | - | Jun 11, 2025 | - | 1 |
Provenance
Provenance
Not yet on record: funded ratio, private markets allocation target, allocation policy.
San Francisco City and County Employees Retirement System sits on 20 traced paths of capital across the graphs.
DFX traced 20 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
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Record history
- Search opened2026-01-14source on record
- Manager terminated2026-01-14source on record
- Search opened2026-01-14source on record
+9 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
›Connections
every published relationship on the graph
+8 connections on the graph
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.