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City of Tallahassee Pension Fund boosts allocation to private equity

The US public pension has more than doubled its exposure to the asset class.

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Institution: City of Tallahassee Pension Fund
Headquarters: Tallahassee, United States
AUM: $1.69bn
Allocation to alternatives: 27.40%
Bitesize: $10-50m

City of Tallahassee Pension Fund has increased its allocation to private equity from 2.65 percent in March 2017 to 5.75 percent in March 2019, a contact at the pension informed Private Equity International.

The $1.69 billion US public pension has a 5.0 percent target allocation to private equity.

As illustrated in the charts below, the pension’s last commitment to a private equity fund was $15 million to 2018 vintage Pomona IX.

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