Name: District of Columbia Retirement Board
Headquarters: Washington DC, US
AUM: $9.5 billion
Allocation to alternatives: 23%
The US-based fund manager, Paine Schwartz Partners, launched its sixth food chain fund in 2022 with a target size of $1.5 billion. Paine Schwartz Food Chain Fund VI makes investments in food and agribusiness sectors in North America, Western Europe and Australia/New Zealand.
DCRB allocates 11 percent of its investment portfolio to private equity, amounting to $1 billion in capital. The Washington, DC-based pension fund has a target allocation of 9 percent to the asset class.
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