Allocator Intelligence
The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.
San Francisco City and County Employees Retirement System: what the board decided
Read from the boards’ own minutes and meeting packets, each row with the stance the minutes give it. Approved is a vote or a commitment reported as made under delegated authority; recommended is staff or the consultant asking, with no vote in the record; proposed is an item presented for consideration. Every row carries the sentence that says so. A re-up prospect is arithmetic on the tape: the allocator holds Fund N, the manager has Fund N+1 open, and no commitment to it is on the graph; it is labelled an inference and says nothing about intent.
- Jun 30, 2025Committed (dated)re-upReal estateRetirement Board$60.0M to Artemis Real Estate Partners Healthcare Fund III, L.P. (Artemis Real Estate Partners Fund I)Under its delegated authority, SFERS committed $60 million in Artemis Real Estate Partners Healthcare Fund III, L.P., of which $40 million closed on June 30, 2025.
- Jun 30, 2025Committed (dated)VentureRetirement BoardUnder its delegated authority, SFERS invested $50 million in Stripes VII, LP. The investment closed on June 30, 2025.
- Jun 11, 2025Committed (dated)re-upInfrastructureRetirement BoardUnder its delegated authority, SFERS committed $75 million to Strategic Partners Infrastructure IV L.P., which closed on June 11, 2025.Infrastructureresolved to the fund on the private equity graphPublic plan board and investment committee agendas and minutes