---
title: Philadelphia Board Commits $50M to Private Equity
description: Philadelphia Board Commits $50M to Private Equity.
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/philadelphia-Dec-09-2021-06-54-32-06-PM.jpg
---

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# Philadelphia Board Commits $50M to Private Equity

**Written by: ** Koncheng Moua, Director of Data Management and Strategy 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/philadelphia-Dec-09-2021-06-54-32-06-PM.jpg)

The Philadelphia Board of Pensions and Retirement has approved $50 million to Turning Rock Partners.

$25 million was committed to Turning Rock Fund II. In addition, $25 million was committed to a co-investment vehicle.

As of June 30, 2023, the $7.5 billion Retirement System has an actual and target allocation to private assets of 13.4% and 12 % respectively.

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