BCFPERS plans $60m in private equity commitments

BCFPERS will commit $60m to the asset class across four strategies.

Institution: Baltimore City Fire and Police Employees’ Retirement System
Headquarters: Baltimore, United States
AUM: $2.75bn
Allocation to alternatives: 25.90%
Bitesize: $10-50m

Baltimore City Fire and Police Employees’ Retirement System (BCFPERS) has confirmed plans to commit $60 million to four 2019-vintage private equity funds, according to a report on the pension’s website. The commitments are to be directed equally across four strategies: buyout, special situations, secondaries and growth/venture.

BCFPERS has also confirmed that its private equity allocation increased by 1.4 percentage points annually from 6.60 percent in June 2018 to 8.0 percent in June 2019. The $2.75 billion US public pension has a private equity target allocation of 10.0 percent.

As illustrated below, BCPERS has committed to five 2018-vintage private equity funds, which combined constitute $65 million.

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