Fairfax County Educational Employees’ Commits $37.5M to Alternatives

The Fairfax County Educational Employees’ Supplementary Retirement System has disclosed four alternative investments totaling up to $37.5 million, according to meeting materials from the November 18 board meeting.

$4.5 million was committed to STG Fund VII, a private equity fund managed by Symphony Technology Group. $4.5 million was also allocated to private equity fund Greenbriar Equity Fund VI. Value-add real estate fund, DRA Growth and Income Master Fund XI was given a $13 million commitment. Kimmeridge Fund VI, a natural resources and energy focused fund, was given a $15.5 million commitment.

The $2.9 billion retirement system’s consultant, Meketa, assisted with due diligence for the investments.

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