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.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

Written By: Jane Bailey, Marketing Associate

Jane Bailey is a Marketing Associate at Dakota.

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