DC Retirement Board Closes $350M in Alternative Investments

The District of Columbia Retirement Board has closed $350 million in commitments to three alternative funds, according to meeting minutes from the November 17 board meeting.

$100 million was committed to agricultural private equity fund, Paine Schwartz Food Chain Fund VI. $100 million was committed to private credit fund, Silver Rock Tactical Allocation Fund. And $150 million was allocated to BlackRock Global Infrastructure Fund IV.

As of September 30, 2022, the $9.46 billion pension fund has an actual and target allocation to private equity of 11% and 9% respectively. The actual and target allocation to private debt was 1% and 3%% respectively. The actual and target allocation to infrastructure was 3% and 6% respectively.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.

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