FUNDRAISING NEWS | April 02, 2024
The District of Columbia Retirement Board has disclosed four alternative investments totaling $425 million, according to minutes from the March 21st Board meeting.
In private equity, $100 million was committed to Centerbridge Capital Partners V and in private credit, $150 million was invested in Fortress Lending Fund IV.
In real assets, $100 million was invested in Tiger Infrastructure Fund IV and in real estate $75 million was committed to Elion Industrial Fund II.
As of December 31, 2023, the $11.3 billion pension fund allocates approximately 11% to private equity with a target of 9%, approximately 7% to real estate with a target of 8%, approximately 3% to private credit matching the target of 3% and approximately 4% to infrastructure with a target of 6%.
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Helen Bascom is a Marketing Associate at Dakota.
