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San Francisco Pension Fund Commits $50M To Pag Fund - Nikkei Asian Review

by asia.nikkei.com posted 1week ago 9 views
KUALA LUMPUR -- The San Francisco City & County Employees' Retirement System (SFERS) has committed $50 million to PAG's third special situations fund, according to a recent board meeting document. We had earlier reported that Hong Kong-based private equity firm PAG is targeting to raise up to $1 billion for its third special situations fund, PAG Special Situations Fund III. Besides SFERS, the vehicle has received a $75-million commitment from Texas Permanent School Fund. PAG Special Situations Fund III will target an annual net return of 15 percent.

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