Institution: Belmont Retirement Board
Headquarters: Belmont, United States
Allocation to Alternatives: 16.8%
Belmont Retirement Board, a Massachusetts DB pension plan, saw its private equity exposure decrease by nearly 1.5 percentage points since 2016, a contact within the organisation informed Private Equity International. Percentage allocation to private equity decreased from 5.5 percent at the end of December 2016 to 4.2 percent at the end of June 2019.
The $109.31 million public pension has a 7.0 percent target allocation to private equity.
As illustrated by the charts below, Belmont Retirement Board has previously committed capital to Dover Street VIII and Dover Street VII of HarbourVest Partners.
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