Cincinnati Retirement Commits Up to $30M to Three PE Funds

The Cincinnati Retirement System’s investment committee has approved up to $30M in commitments across three private equity funds, as disclosed in materials for its December 5 board meeting. 

 

Attached minutes from the Ohio pension’s meeting on November 7 reported that the board unanimously passed a motion to commit $12M to $15M to lower-middle-market buyout Siguler Guff Fund VI, $7M to $10M to JP Morgan’s PEG Co-investment Fund II, and $5M to Timber Bay Fund III, another lower-middle-market buyout strategy.

 

The pension said that as of November 1, its current private equity allocation stands at 11.1% of the entire portfolio against its original 8% target. Per Dakota data, Cincinnati Retirement holds $2.4B in total plan assets.

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Written By: Dakota

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