DCRB approves $99m in commitments

The US public pension has backed two PE funds.

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 agreed to $99 million-worth of private equity commitments, according to the pension’s November board meeting minutes. The commitments comprise of $50 million to Odyssey Investment Partners Fund VI and C$65 million ($49 million) to Birch Hill Equity Partners VI. Both funds are targeting mid-market buyouts.

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

As illustrated below, DCRB has made five commitments to private equity funds with a 2018 or 2019 vintage, which combined constitute $229 million.

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