Investments in firms are led by Asia, with China and India head to head for top spot in region.
Move comes during a regional boom for new tech firms.
Canadian pension plan is aiming for a more global venture capital program.
Growth in private equity fundraising shows no signs of abating.
Disclosures show SFERS has invested in two Chinese venture capital funds and another China-based fund focused on media and entertainment.
‘Red unicorns’ take in $56 billion in first half of 2018.
The more cautious approach to direct private equity investing at the second-largest US pension plan contrasts with a more aggressive approach by CalPERS, the biggest US plan.
Top officials say CalPERS will be part of two investment partnerships with general partners, but won’t own a stake in them.
Providing pensions to public workers in Silicon Valley’s largest city doesn’t mean investing in venture capital. The plans now are looking at whether they are missing an investment opportunity.
Total assets under management hit $722 billion, with $246 billion in dry powder.
The nation’s VC deals and growth fundraising have been climbing to new heights since 2016.
In overall value, VC fundings totaled $182 billion, besting 2015 high mark.
Despite lower volume, VC deal values are breaking records.