Cincinnati Retirement approves $20m commitment

Cincinnati Retirement System has committed $20 million to PEG Global Private Equity IX.

Institution: Cincinnati Retirement System
Headquarters: Cincinnati, United States
AUM: $2.23bn
Allocation to alternatives: 25.8%
Bitesize: $10m-$50m

Cincinnati Retirement System has agreed to commit $20 million to PEG Global Private Equity IX, managed by JP Morgan Asset Management.

The US pension continues to add to its private equity portfolio through funds with strategies such as venture capital, large buyout and growth across the globe. Marquette Associate served as an investment consultant for this commitment.

As illustrated below, the pension fund has previously committed to multiple private equity funds targeting diversified sectors. It has an actual allocation of 8.4 percent to private equity.

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