Rhode Island Commits $20M to Private Equity

The Rhode Island State Pension has approved the commitment of $20 million to private equity fund DCVC Bio Fund III, according to meeting minutes.

ERSRI has previously committed to DCVC Bio Fund II in May 2020.

As of September 30, 2023, the $10 billion Pension Fund allocates 17.29% to private equity with a target of 12.5%. 

Cliffwater assisted with the investment.

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