Fairfax Educational Supplementary Retirement Commits $16M to Alts
Written by: Jane Bailey, Marketing Associate
The Fairfax County Educational Employees' Supplementary Retirement System has disclosed three commitments totaling $16.25 million to private equity, real estate, and real assets, according to meeting materials from the January 26th board meeting.
In private equity, $5 million was allocated to Wynnchurch Capital Partners VI.
In real estate, $8.75 million was allocated to Focus Senior Housing Fund II.
Lastly, in real assets, $2.5 million was allocated to Tiger Infrastructure Partners IV.
As of September 30, 2023, the $3.2 billion Retirement Fund allocates 10.8% of total assets to private equity with a target of 7%. 9.1% is allocated to real estate with a target of 7%. Additionally, 1.9% of total assets is allocated to infrastructure with a target allocation of 3%.
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