Institution: District of Columbia Retirement Board
Headquarters: Washington, DC
AUM: $10.09 billion
Allocation to alternatives: 8.9%
Avance Investment Management‘s debut vehicle recently held a first close at $425 million, with the vehicle’s fundraising target set at $500 million.
DCRB’s has a 9 percent target allocation to private equity that currently stands at 6 percent.
As illustrated below, the $10.09 billion US public pension’s private equity fund commitments have tended to target North American buyout vehicles.
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