District of Columbia Retirement Board makes 2 alternatives commitments
By Hazel Bradford | January 18, 2013 3:46 pm
District of Columbia Retirement Board, Washington, committed $12.5 million to EnCap Energy Capital Fund IX and $15 million to H.I.G. Bayside Loan Opportunity Fund III (Europe).
Both are new commitments.
The EnCap Energy fund is a private equity oil and gas fund managed by EnCap Investments. H.I.G. Bayside Loan is a distressed debt fund managed by H.I.G. Capital.
As of Dec. 31, the board for the $4.5 billion pension fund had committed about $27.5 million to private equity.
At Thursday's trustees meeting, the investment committee recommended committing $15 million to Affinity Asia Pacific Fund IV, a private equity fund, and $15 million to Resources Capital Fund VI, an infrastructure fund.