The Rhode Island State Pension has approved the commitment of $30 million to Wynnchurch Capital Partners VI.
Wynnchurch targets investments in industrial and manufacturing industries in North America.
Rhode Island Employees Retirement Systems previously committed $40 million to Wynnchurch Capital Partners V, L.P.
Investment consultant, Cliffwater, assisted with the recommendation.
As of December 31, 2023, the $10.8 billion Pension Fund currently allocates approximately 16.7% to private equity with a target of 12.5%.
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