---
title: Rhode Island State Pension Commits $35M to Alts
description: Rhode Island State Pension Commits $35M to Alts.
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/Providence%2c%20Rhode%20Island%2c%20USA%20city%20skyline%20on%20the%20Providence%20River%20at%20twilight_-1.jpeg
---

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# Rhode Island State Pension Commits $35M to Alts

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

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The Rhode Island State Pension has approved two alternative investments totaling up to $35 million.

$15 million was committed to venture capital fund, TCG Crossover Fund II. 

In real estate, $20 million was approved for the Berkeley Partners Value Industrial Fund VI.

Cliffwater and Meketa assisted with the investments. 

As of May 31, 2023, the $10 billion pension plan has an actual and target allocation to private equity of 16.66% and 12.5% respectively. The actual and target allocation to non-core real estate is 2.2% and 2.5% respectively.

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 Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Real Estate](https://dakotafunds.com/dakota-funds/tag/real-estate), [Private Equity](https://dakotafunds.com/dakota-funds/tag/private-equity)

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