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Arlington County confirms $15m commitment

The US public pension has backed Peppertree Capital's eighth growth equity vehicle.

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Institution: Arlington County Employees’ Retirement System
Headquarters: Arlington, United States
AUM: $2.42bn
Allocation to alternatives: 4.0%
Bitesize: $10-50m

Arlington County Employees’ Retirement System has agreed to commit $15 million to Peppertree Capital Fund XIII, according to the pension’s recently released November 2019 Board meeting minutes. Peppertree’s flagship growth equity series targets investments in the TMT sector.

The $2.42 billion Virginia-based public pension has a 4.0 percent allocation to private equity.

As illustrated below, Arlington County has made one other commitment to a 2019-vintage private equity fund: $15 million to J.F. Lehman & Company’s Equity Investors V.

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