Institution: Rhode Island State Treasury
Headquarters: Providence, United States
Allocation to alternatives: 17.90%
Rhode Island State Treasury has agreed to commit $60 million to Advent International GPE IX, according to the pension’s March board meeting documents. The fund will target control-oriented buyouts and recapitalisation in North America and Europe.
The $8.11 billion US public pension has a 7.0 percent target allocation to private equity which currently stands at 6.50 percent.
Rhode Island State Treasury has made ten commitments to private equity funds with a 2018 and 2019 vintage, which combined constitute $395 million.
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