The Dallas Fort Worth International Airport Retirement Board has disclosed two new investments, according to meeting materials from the March board meeting.
A $10 million commitment was recommended to the value-add real estate fund, Virtus Real Estate Capital IV.
In addition, a $7.5 million commitment was recommended to the buyout fund, New Mountain Partners VII.
As of December 31, 2022, the $870 million Airport Retirement Board allocates 9.5% to real estate and 14.3% to private equity. The target allocations for real estate and private equity are 12.5% and 12.5% respectively.
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