BCFPERS confirms $75m in commitments

Institution: Baltimore City Fire and Police Employees’ Retirement System
Headquarters: Baltimore, US
AUM: $2.85 billion
Allocation to alternatives: 25.1%

Baltimore City Fire and Police Employees’ Retirement System has approved $75 million-worth of private equity commitments, according to minutes from its July 2020 board meeting.

The commitments comprise $25 million each to One Rock Capital Partners III and Frontier Fund VI; alongside $25 million to two vehicles managed by Greenspring Associates. Greenspring Global Partners X and Greenspring Diversity I have each received a $12.5 million commitment.

The $2.85 billion US public pension has an 11 percent target allocation to private equity that currently stands at 8.6 percent.

As illustrated below, BCFPERS’ recent private equity commitments have targeted a mixture of buyout, venture capital and growth funds, mostly focused on North American investments.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.