Boston City Retirement System approves $30m commitment

The US public pension has backed a North America focused fund.

Institution: Boston City Retirement System
Headquarters: Boston, United States
AUM: $4.61bn
Allocation to alternatives: 21.80%
Bitesize: $10-50m

Boston City Retirement System announced a commitment of $30 million to HarbourVest Credit Opportunities Fund II.

As illustrated in the charts below, the $4.61 billion US public pension has an 11.0 percent target allocation to private equity that currently stands at 6.7 percent. This is Boston City Retirement System’s second commitment to a private equity fund in 2019, in February 2019 the LP made a $30 million commitment to THL Credit Direct Lending Fund IV.

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