DC Retirement Commits $125M to Private Equity

The District of Columbia Retirement Board has committed $125 million to two private equity funds.

$75 million was committed to a buyout fund, One Rock IV. In addition, $50 million was committed to Ara Fund III, an energy focused private equity fund.

As of March 31, 2023, the Board allocates 11% to private equity while they target 9% to the asset class.

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