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Rhode Island approves $40m commitment

The US public pension has backed a North America-focused fund.

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Rhode Island State Treasury has voted to approve a $40 million investment in Riverside Micro-Cap Fund V.

The $8 billion US public pension has a 7 percent target allocation to private equity that currently stands at 5.5 percent.

P latin um subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.