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DCRB approves $75m commitment

The US public pension has backed One Rock Capital's third US middle market buyout fund.

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Institution: District of Columbia Retirement Board
Headquarters: Washington DC, United States
AUM: $8.52bn
Allocation to alternatives: 13.0%
Bitesize: $10-50m

District of Columbia Retirement Board has approved a $75 million commitment to One Rock Capital Partners III, according to the pension’s January 2020 board meeting minutes. DCRB previously committed $50 million to the fund’s predecessor in March 2017.

The $8.52 billion US public pension has a 9.0 percent target allocation to private equity that currently stands at 5.0 percent.

As illustrated below, DCRB has made four commitments to private equity funds with a 2019 or 2020 vintage, which combined constitute $225 million.

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