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.
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