Fairfax County Educational Employees’ Retirement Invests $21.2M to Alts

At the December 15 board meeting, Fairfax County Employees’ Supplemental Retirement System disclosed five new commitments totaling $21.25 million. 

$5 million will be committed to FS Equity Partners IX, a private equity fund. The Fund represents a lower middle market focused on consumer and distribution services businesses.

$2.5 million will be committed to Flagship Pioneering Origination Fund VIII, a private equity fund. The Fund represents balanced stage exposure to venture capital with a focus on biotechnology and life sciences.

$8.75 million will be committed to SIH Debt Opportunities Fund III, a real estate debt fund. The Fund represents access to Freddie Mac products, especially small balance loans and K-Series Seller/Servicers, offering attractive risk-adjusted exposure to positions collateralized by stabilized multifamily assets.

$2.5 million will be committed to BlackRock Global Renewable Power Infrastructure Fund IV, a real assets fund. The Fund represents the opportunity to invest in solar, wind, transmission, storage, sustainable mobility, and other renewable infrastructure on a global basis.

$2.5 million will be committed to Peppertree Capital Fund X, a private equity fund. The Fund represents a differentiated opportunity to invest with a digital infrastructure sector specialist with a long and proven track record of success in a tower centric strategy.

As of November 30, 2023 the Retirement System has over $3 billion in assets.

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