DC Retirement Board Closes $350M in Alternative Investments
Written by: Koncheng Moua, Director of Data Management and Strategy
The District of Columbia Retirement Board has closed $350 million in commitments to three alternative funds, according to meeting minutes from the November 17 board meeting.
$100 million was committed to agricultural private equity fund, Paine Schwartz Food Chain Fund VI. $100 million was committed to private credit fund, Silver Rock Tactical Allocation Fund. And $150 million was allocated to BlackRock Global Infrastructure Fund IV.
As of September 30, 2022, the $9.46 billion pension fund has an actual and target allocation to private equity of 11% and 9% respectively. The actual and target allocation to private debt was 1% and 3%% respectively. The actual and target allocation to infrastructure was 3% and 6% respectively.
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