The Arlington County Employees’ Retirement System has committed $60 million across three private equity funds, according to meeting minutes from the September 1 board meeting.
$15 million was committed to venture capital fund, Franklin Park Venture XIV. In addition to Fund XIV, $20 million was committed to the Franklin Park Co-Investment V fund. Lastly, $25 million was committed to middle market buyout fund, JFL Equity Investors VI, managed by J.F. Lehman & Co.
As of June 30, 2022, the $2.8 billion Retirement System allocates 7.9% to alternatives.
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