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LP Tearsheet

DCRB confirms $75m commitment

The US public pension has backed Centerbridge Capital Partners' latest buyout offering.

By
Jesse Koppi
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Institution: District of Columbia Retirement Board
Headquarters: Washington, DC
AUM: $10.09 billion
Allocation to alternatives: 8.9%

District of Columbia Retirement Board approved a $75 million commitment to Centerbridge Capital Partners IV at its February 2021 board meeting, according to recently released minutes.

The pension previously committed $20 million to the fund’s 2015-vintage $6.17 billion predecessor.

DCRB 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 recent private equity commitments have tended to target either North America-focused or global buyout funds.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy, and fund investments.